IHSG falls nearly 4% to 5,371.78 in early trade
Analysts say strong U.S. labor data has shifted expectations toward another Fed rate hike, weighing on risk appetite.
IHSG on Bursa Efek Indonesia weakened sharply at the start of trade on Monday, June 8, 2026. The index opened down 108.46 points, or 1.94 percent, at 5,486.31, then fell 222.29 points, or 3.99 percent, to 5,371.78 at 09.15 WIB. Kiwoom Sekuritas advised investors to take a wait-and-see stance before buying or averaging down. According to Kiwoom Sekuritas Head of Research Liza Camelia Suryanata, the pressure came from a combination of domestic and global sentiment. Overseas, markets shifted from hopes of rate cuts to the risk of additional rate increases by The Fed. CME FedWatch showed markets had priced in one 25-basis-point hike before the end of the year. U.S. nonfarm payrolls in May 2026 rose by 172,000 jobs, above expectations of 85,000, reinforcing the hawkish view. Markets are also watching U.S.-Iran negotiations and Israel's response after Iran's missile attack on Ramat David air base, especially any impact on the Strait of Hormuz, oil prices and global inflation.