Country: ID | Published: 2026-09-22
Jakarta's main index fell sharply into the red, with energy and property stocks among the heaviest drags as the central bank's higher-for-longer rate stance kept investors cautious
Jakarta's main index fell sharply into the red, with energy and property stocks among the heaviest drags as the central bank's higher-for-longer rate stance kept investors cautious. The rupiah softened alongside the equity slide, reflecting lingering concerns about the fiscal implications of the government's settlement of the decades-old banking debt using central bank surplus funds. Headlines stayed largely political, with the president's UN address and joint air force drills with France adding background color rather than market-moving catalysts.