FX.co ★ Indonesia Stocks Under Pressure as Geopolitical Risks Weigh

Indonesia’s IDX Composite fell 72 points, or 1.2%, to 5,916 in early Wednesday trading, snapping a five-session winning streak. The decline mirrored weaker U.S. equity futures as renewed Middle East tensions weighed on risk appetite, after the U.S. launched fresh airstrikes on Iran in response to attacks on ships in the Strait of Hormuz. Domestically, pressure from a weakening rupiah, a sizable budget deficit in H1 2026, and widespread layoffs across multiple industries underscored rising macroeconomic and labor market risks. Although Indonesia’s foreign-exchange reserves inched higher in June, they remained close to a two-year low. All major sectors traded lower, led by basic materials, property, consumer cyclicals, and energy. Among the notable losers, Amman Mineral International dropped 4.2%, followed by Petrindo Jaya Kreasi (-3.9%), XLSmart Telecom (-3.5%), and Indah Kiat Pulp & Paper (-3.0%). Investors are now awaiting the release of June consumer confidence figures later in the day, after May’s reading fell to an eight-month low.