Jakarta Composite Index Plunges 5.2% to Five-Year Low; Indonesian Rupiah Hits Historic Bottom

According to Jin10, on June 3, Indonesia's stock market tumbled to its lowest level in five years, with the Jakarta Composite Index plunging 5.2% to its lowest since May 2021. The Indonesian rupiah also hit a historic low, falling 0.5% against the U.S. dollar and leading losses across Asian currencies.

The Jakarta Composite Index has declined approximately 32% year-to-date, making it the worst-performing among over 90 global stock indices tracked by Bloomberg. The raw materials sector led declines, with losses exceeding 10%.