Indonesian Stocks and Rupiah Plunge to Record Lows Amid Economic Crisis
On June 3, 2026, Indonesian stocks hit a five-year low, with the Jakarta Composite Index falling ~32% year-to-date, making it the world’s worst-performing market. The rupiah also dropped to record lows against the US dollar and Singapore dollar, breaching the 14,000 threshold. The materials sector led declines, reflecting deepening investor fears over Indonesia’s economic outlook amid global headwinds.
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Indonesia's foreign reserves suffer longest decline since 2018
Indonesia's foreign reserves are experiencing their longest continuous decline since 2018, as foreign investors have withdrawn more than US$3.5 billion from Indonesian stocks. The drawdown comes amid intensified central bank intervention in currency and bond markets to support the rupiah, which has weakened approximately 8% this year. The article, published by The Business Times Singapore on June 8, 2026, highlights ongoing capital outflows and currency pressure facing Southeast Asia's largest economy.
The Business TimesIndonesia's foreign reserves suffer longest decline since 2018
Indonesia's foreign reserves are experiencing their longest continuous decline since 2018, as foreign investors have withdrawn over US$3.5 billion from Indonesian stocks. The drawdown comes amid intensified central bank intervention in currency and bond markets to support the rupiah, which has weakened approximately 8% this year. The article, published by The Business Times Singapore on June 8, 2026, highlights ongoing capital flight pressures on Indonesia's financial stability.
The Business TimesTumbling stocks, sinking rupiah: ‘Sell Indonesia’ sweeps trading desks as Prabowo tightens grip
Indonesian financial markets experienced a severe sell-off on June 5, 2026, after President Prabowo Subianto announced a move to take direct control of key commodity exports in an effort to curb tax evasion. The policy triggered a sharp decline in exporter stocks and a depreciation of the Indonesian rupiah, leading to a widespread 'Sell Indonesia' sentiment among traders. The Business Times reports that the market reaction reflects growing investor concern over the government's increasing intervention in the economy and the tightening of political control. The sell-off swept across trading desks, indicating a broad loss of confidence in Indonesian assets.
The Business TimesIndonesian market rout deepens as Prabowo policy risks mount
Indonesian financial markets experienced a significant downturn as the rupiah weakened past the critical 18,000-per-US dollar threshold and stocks fell to near six-year lows. The sell-off is attributed to mounting policy risks associated with President Prabowo Subianto's administration, with rupiah weakness hitting record lows and additional pressure from softer global conditions. The article, published by The Business Times Singapore on June 4, 2026, highlights growing investor concerns over Indonesia's economic direction under the current government.
The Business TimesIndonesian Market Rout Deepens as Prabowo Policy Risks Mount
Indonesian financial markets are experiencing a deepening sell-off, driven by record lows in the rupiah and a weakening trade balance attributed to high oil imports. Analysts point to mounting policy risks associated with President Prabowo Subianto's administration as key factors exacerbating investor concerns. The article, published by The Business Times on June 4, 2026, highlights growing wariness among investors regarding Indonesia's economic outlook and fiscal stability, with the currency hitting historic lows and trade data underperforming expectations.
The Business TimesRupiah hits new low, breaches 14,000 threshold against Singdollar
The Indonesian rupiah has fallen to a new all-time low against the Singapore dollar, breaching the 14,000 threshold. Concurrently, Indonesian stocks have dropped to their lowest level in five years. The article, published by The Business Times Singapore on June 3, 2026, reports on the significant depreciation of the rupiah and the decline in the Indonesian stock market, indicating economic stress in Indonesia. The report is authored by Deon Loke and highlights the severity of the currency and market downturn.
The Business TimesRupiah Hits New Low, Breaches 14,000 Threshold Against Singapore Dollar
The Indonesian rupiah has fallen to a new all-time low, breaching the 14,000 threshold against the Singapore dollar. Concurrently, Indonesian stocks slumped to their lowest level in five years. The article, published by The Business Times on June 3, 2026, and written by Deon Loke, notes that Bank Indonesia made a statement on the preceding Friday, though the full details of that statement are truncated in the available text. The currency and stock market declines signal significant economic stress in Indonesia.
The Business TimesIndonesian Stocks Hit 14-Month Low, Rupiah Falls to Record
Indonesian stocks plunged to a 14-month low on June 3, 2026, with the Jakarta Composite Index (JCI) dropping more than 30% in 2026, making it the worst-performing index globally this year. The Indonesian rupiah also weakened to a record low against the US dollar. The materials sector led the declines, with a sub-index tumbling more than 9%. The sell-off reflects deepening investor concerns over Indonesia's economic outlook amid global headwinds. The article, published by The Business Times Singapore, highlights the severity of the market rout and its implications for Southeast Asia's largest economy.
The Business TimesIndonesian stocks tumble to five-year low, rupiah drops to record
Indonesian stocks plunged to a five-year low on June 3, 2026, with the Jakarta Composite Index (JCI) falling approximately 32% year-to-date, making it the worst-performing stock market globally in 2026. The Indonesian rupiah also dropped to a record low against the US dollar. The materials sector led the declines, according to the report from The Business Times Singapore. The sharp selloff reflects deepening investor concerns about Indonesia's economic outlook amid global headwinds.
The Business TimesIndonesian stocks tumble to five-year low, rupiah drops to record
Indonesian stocks plunged to a five-year low on June 3, 2026, with the Jakarta Composite Index (JCI) falling approximately 32% year-to-date, making it the worst-performing stock market globally in 2026. The Indonesian rupiah also dropped to a record low against the US dollar. The materials sector led the declines, contributing to the broader market sell-off. The article, published by The Business Times Singapore, highlights severe financial market stress in Indonesia amid ongoing economic challenges.
The Business Times