A man is pictured in front of a screen at the Indonesia Stock Exchange building in Jakarta, Indonesia, May 19, 2026. Indonesia's Jakarta Composite Index (JCI) plunged around 3 percent on Tuesday, sliding sharply by midday before ending the afternoon session lower at 6,382.5. (Xinhua/Agung Kuncahya B.)
JAKARTA, May 19 (Xinhua) -- Indonesia's Jakarta Composite Index (JCI) plunged around 3 percent on Tuesday, sliding sharply by midday before ending the afternoon session lower at 6,382.5.
The rupiah also hit a new record low at around 17,754 against the U.S. dollar amid concerns over external conditions and continued foreign capital outflows.
Analysts said the decline extended negative sentiment following the removal of several Indonesian stocks from the Morgan Stanley Capital International index, while the weakening rupiah triggered further investor sell-offs, according to local media reports. ■
A man takes a photo in front of a screen at the Indonesia Stock Exchange building in Jakarta, Indonesia, May 19, 2026. Indonesia's Jakarta Composite Index (JCI) plunged around 3 percent on Tuesday, sliding sharply by midday before ending the afternoon session lower at 6,382.5. (Xinhua/Agung Kuncahya B.)
