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View all search resultsIDX plunges 4 percent, piling pressure on rupiah
Indonesian stocks suffered a rout on Wednesday with the benchmark index closing at its lowest level in five years.
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An electronic display board inside the main hall of the Indonesia Stock Exchange (IDX) in South Jakarta shows an overall downward movement across most stocks during the lunch break on Jan. 29, 2026. (TJP/Deni Ghifari)
I
ndonesian stocks suffered a rout on Wednesday with the benchmark index closing at its lowest level in five years as concerns over fiscal policy, new commodity export rules and a weakening rupiah are keeping investors on edge.
The slump stood in stark contrast to broad stock market gains in the Asian region, where Japan, Taiwan and Singapore each hit record highs.
After trading down more than 5 percent in the course of the morning session, the Indonesia Stock Exchange (IDX) index pared some of its losses after the midday break but still ended the day down 4.11 percent, or 254.36 points, at 5,941.07.
Wednesday’s decline pushed the IDX closing to its lowest level since May 2021.
Trading data showed that 726 stocks, or 75 percent of all listed issuers, closed in the red. Only 75 stocks saw gains, while 158 remained unchanged.
The total transaction value reached Rp 24.96 trillion (US$1.4 billion), with 35.83 billion shares changing hands in 2.71 million trades. Market capitalization plummeted to Rp 10,455 trillion.
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