Indonesian shares plunged again on Monday, showing that a leadership shakeup at stock market institutions and government assurances about planned reforms have not allayed investor concerns.

Oil prices tanked Monday on easing US-Iran tensions while precious metals swung wildly following last week's dollar-fueled collapse sparked by Donald Trump's hawkish pick to lead the Federal Reserve.

Asian stocks sank Friday amid fresh worries over vast investments in artificial intelligence. Jakarta seemed to be stabilizing after a rout over the previous two days sparked by index compiler MSCI calling on regulators to look into ownership concerns.

Goldman Sachs estimates that foreign investor outflow could reach $7.8 billion if Indonesia is downgraded to frontier market, a scenario the investment bank and some investors deem unlikely.

MSCI's warning is the latest setback for Southeast Asia's largest economy as foreign capital flows out due to concerns about how President Prabowo Subianto is widening the fiscal deficit and ramping up the state's involvement in financial markets.

The Indonesia Stock Exchange (IDX) Composite index has nosedived for a second day in a row due to investability flags from Morgan Stanley Capital International (MSCI), prompting another trading halt.

The Indonesia Stock Exchange (IDX) temporarily halted trading on Wednesday after shares plunged on a warning from global index provider MSCI that it could downgrade Indonesian stocks to frontier-market status.  

As investors have grown increasingly nervous about their exposure to US assets, other currencies and gold have shot up in the past couple of weeks.

The Indonesia Stock Exchange (IDX) Composite index nosedived as trading opened on Wednesday following an evaluation by Morgan Stanley Capital International (MSCI) that flags Indonesian stocks.

The coal sector to come under further pressure this year, as the correction in coal prices is likely to continue in line with a deeper decline in Indonesia’s coal production.

Asian shares advanced on Tuesday as investors hoped for the best from a barrage of US mega-cap earnings, though uncertainty caused by President Donald Trump’s latest tariff moves on South Korea limited broader gains while boosting gold and silver.

Gold surged past US$5,000 per ounce early on Monday following a turbulent week where tensions over Greenland and Iran rattled sentiment, while markets remained on tenterhooks after a rout in bonds and violent spikes in the yen.

Stocks were subdued and precious metals hit fresh highs Friday after a turbulent week that saw US President Donald Trump back down from threats to seize Greenland and to issue tariffs against European allies.

Implementing B50 amid stagnant production could trigger a sharp rise in CPO prices and derivative products such as cooking oil, as well as reduce export volumes.

The yield on Indonesian government bonds has climbed to its highest level in more than three months on the back of general uncertainty, fiscal worries and concerns about the independence of Bank Indonesia (BI) following the nomination of Thomas “Tommy” Djiwandono as deputy governor.

Japan should act decisively against excessive market moves, Yuichiro Tamaki, head of an influential opposition party, told Reuters on Wednesday, after a brutal sell-off of Japanese government bonds sent a chill through global financial markets.

Asian equities stabilized Wednesday after a rough start to the week fueled by Donald Trump's Greenland-linked tariff threats. Tokyo, Sydney, Singapore, Taipei and Manila fell, while Hong Kong, Shanghai and Jakarta rose.

Stock markets slid in Asia on Monday after US President Donald Trump threatened to slap extra tariffs on eight European nations until the US was allowed to buy Greenland, pushing the dollar down against the safe-haven yen and Swiss franc.

Asian stocks rose on Wednesday, buoyed by Japanese shares, as investors braced for a snap election in Japan that could lead to more fiscal stimulus, while worries about central bank independence and benign US inflation data whipsawed currencies.

A surge in Japanese shares led Asia higher on Tuesday amid investor bullishness over all things AI, while the cloud of uncertainty over Federal Reserve independence favored gold even as it weighed on the dollar.

Asian equities posted gains Monday while the dollar dipped as investors digested news that the US Justice Department subpoenaed the Federal Reserve, raising fears over US central bank independence.

Persistent headwinds, including weak household purchasing power and a softer rupiah, meanwhile, may constrain loan growth and dampen investor sentiment, slowing the recovery in banking stocks.  

The beauty industry has emerged as one of the fastest-growing consumer segments in Indonesia, standing out amid sluggish household spending that has kept overall retail growth modest.

Asian markets rose Friday after a two-day stutter as traders look ahead to the release of crucial US jobs data and a possible Supreme Court ruling on Donald Trump's sweeping global tariffs.

US President Donald Trump said Venezuela will be "turning over" up to 50 million barrels of oil to be sold at its market price following the toppling and capture of the nation's leader.

The principal Indonesian stock market gauge closed at a fresh record on Tuesday, supported by strong commodity stocks and global risk appetite.

US big oil got a boost from the country's military raid at the weekend that captured Venezuelan President Nicolas Maduro.