The culprit behind the JCI suddenly collapsing

by Marcus Liu - Business Editor
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Jakarta

The Composite Stock Price index (IHSG) suddenly plunged at the close of trading on Tuesday (14/10). the weakening even occurred shortly after the opening of trading at around 10.22 WIB, when it fell 0.39% to the level of 8,194.77. Then in trading session II, the JCI fell further to the level of 7,974.03 or weakened 3%.

korea investment & Indonesian Securities (KISI) analyst, Muhammad Wafi, said that the weakening of the JCI was due to domestic and global sentiment. He explained that the deficit in the State Revenue and Expenditure Budget (APBN) caused concerns for the market.

Meanwhile, from a global viewpoint, increasing geopolitical tensions and the economic direction of the United States (US) following the announcement of inflation data and discourse on new import tariffs also influenced the JCI movement. Wafi said that this condition encouraged investors to wait or wait and see the direction of the economy.

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“Globally, risk-off sentiment is getting stronger due to geopolitical tensions and concerns about the direction of the US economy after inflation data and talk of new import tariffs. So many investors are taking safe positions frist, especially foreigners who are starting to net sell again,” said Wafi to detikcom Tuesday (14/10/2025).

Wafi said that the JCI has the potential to continue its weakening,although it will not last long. According to him, the prospect for a rebound is still very open in line with improving Indonesian macroeconomic data and positive news from the Fed.

“The correction could continue for the next few days until the market finds strong support in the range of 7,900-7,950. After that, a rebound could appear again, especially if there is positive news from the fed or indonesian macro data that shows improvement. In essence, this correction is more of a consolidation moment after a long rally, so it is not a signal of

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