FX.co ★ Indonesia Stocks Retreat, Geopolitical Risks and Local Data in Focus

Indonesia’s IDX Composite fell 58 points, or 0.7%, to 8,268 in early Thursday trading, erasing gains from the previous session and tracking weakness in U.S. futures amid persistent concerns over U.S.–Iran tensions. Market sentiment was also pressured by caution ahead of key domestic data releases next week, including February inflation and January trade figures. At the same time, authorities are said to be closely monitoring labor market conditions following reports of mass layoffs in the crucial manufacturing hub of East Java ahead of the festive period. Losses were partly offset, however, by news that Eid-ul-Fitr allowances for civil servants have been finalized and are now awaiting presidential approval, a move expected to support seasonal consumption and travel. All sectors traded in negative territory, with transport, healthcare, and basic materials under particular pressure. Among the notable decliners were Merdeka Copper Gold (-6.8%), Semen Gresik (-2.6%), Medco Energi (-2.3%), and Surya Citra Media (-1.4%).