IHSG rises 1.92% after S&P keeps Indonesia at BBB
S&P kept a stable outlook, saw the budget deficit held below 3% of GDP, and forecast 5.1% growth in 2026.
Bloomberg, Antara News
S&P kept a stable outlook, saw the budget deficit held below 3% of GDP, and forecast 5.1% growth in 2026.
Investors are also watching MSCI and FTSE Russell reviews, with BI expected to raise rates 25 basis points to 5.75%.
The rupiah strengthened to Rp18.058 per dollar and the IHSG jumped 7.57% after the benchmark rate increase.
Analysts say strong U.S. labor data has shifted expectations toward another Fed rate hike, weighing on risk appetite.
Elvi Diana said more specific explanations of domestic and global factors are needed to preserve investor confidence.
The weak currency is expected to strain import-dependent industries, from pharmaceuticals to automotive, by raising input costs.
Earlier: IHSG closes down 4.2% at 5,594.77 at week’s endSeries: Indonesia · Rupiah Slide · 7 chapters since Jun 4