IHSG closes down 2.59% at 6,936 on global sentiment
All 11 sectors weakened, the rupiah closed at Rp17,899 per U.S. dollar, and markets faced possible foreign outflows.
The Jakarta Composite Index closed down 157.61 points, or 2.59 percent, at 6,936.15 in Monday trading on the Indonesia Stock Exchange. The LQ45 index also fell 1.79 percent to 690.90, while all 11 sectors retreated, led by energy at 5.88 percent, industrials at 5.20 percent and infrastructure at 4.72 percent. Phintraco Sekuritas research head Ratna Lim said pressure came from geopolitical and global economic uncertainty, including Brent crude holding above 100 U.S. dollars a barrel, the direction of the Fed's interest rates, movements in U.S. Treasury yields and MSCI issues. Domestically, the rupiah's decline to Rp17,899 per U.S. dollar and the risk of net foreign selling limited appetite for risk assets. Trading value reached Rp13.57 trillion, with 632 shares falling, 118 rising and 213 unchanged.