Indonesia Stock Index Plunges Over 7% as MSCI Freezes Index Changes, Market Volatility Intensifies
Jakarta – Indonesia’s benchmark stock index, the Jakarta Composite Index (JCI/IHSG), came under severe pressure ahead of the close of the first trading session on Wednesday (January 28, 2026), tumbling 7.71 percent or 692.47 points to 8,287.76 as of 11:15 a.m. local time. The index opened weaker at 8,393.51, briefly attempted a rebound, and touched…
Indonesian Rupiah Slides Toward 17,000 per U.S. Dollar as Policy Credibility and Global Risks Weigh on Markets
JAKARTA — Indonesia’s rupiah remained under pressure on Tuesday (Jan 20, 2026), edging closer to the psychologically significant level of 17,000 per U.S. dollar, even as the country’s stock market surged to a new all-time high. Bloomberg data showed the rupiah opening weaker at 16,997 per dollar, before briefly strengthening to 16,976 by mid-morning. Despite…
