Starting the first trading day in June (2-Jun), the rupiah asset class saw mixed performance. The rupiah currency rebounded, while the JCI and INDOGB continued to post losses. After weakening for 3 consecutive days in the last week, the Indonesian rupiah rebounded, strengthening against the USD by +0.25% to Rp16,259/USD (vs. depreciating by -0.09% previously, or -0.43% cumulatively in the last week), thus narrowing the year-to-date losses by -0.91%. Meanwhile, in the equity market, the JCI index fell further by -1.54% to 7,065.07 (vs. -0.32% prior, or -0.53% cumulatively in the last week) but still posted gains by +1.01% YTD. The total trading value in the secondary market was relatively flat at Rp22.2tn (vs. Rp23tn previously, or Rp12.8tn average trading YTD), while foreign investors continued to record a net outflow of -Rp2.8tn (vs.
-Rp1.4tn prior, or -Rp1.29tn cumulatively in the last week, or -Rp50.96tn YTD). Concurrently, most Asian equity markets closed in the negative on Monday. Japan s equity market, the Nikkei 225 index, lowered by -1.30% to 37,470.67 (vs. -1.22% prior, or +2.17% cumulatively in the last week, or -4.64% YTD), and Hongkong s Hang Seng index also fell, going down by -0.57% to 23,157.97 (vs. -1.24% prior, or -1.30% cumulatively in the last week, or +16.52% YTD) following concerns about US tariffs after President Donald Trump decides to double levies on steel and aluminum.


Starting the first trading day in June (2-Jun), the rupiah asset class saw mixed performance. The rupiah currency rebounded, while the JCI and INDOGB continued to post losses. After weakening for 3 consecutive days in the last week, the Indonesian rupiah rebounded, strengthening against the USD by +0.25% to Rp16,259/USD (vs. depreciating by -0.09% previously, or -0.43% cumulatively in the last week), thus narrowing the year-to-date losses by -0.91%. Meanwhile, in the equity market, the JCI index fell further by -1.54% to 7,065.07 (vs. -0.32% prior, or -0.53% cumulatively in the last week) but still posted gains by +1.01% YTD. The total trading value in the secondary market was relatively flat at Rp22.2tn (vs. Rp23tn previously, or Rp12.8tn average trading YTD), while foreign investors continued to record a net outflow of -Rp2.8tn (vs.
-Rp1.4tn prior, or -Rp1.29tn cumulatively in the last week, or -Rp50.96tn YTD). Concurrently, most Asian equity markets closed in the negative on Monday. Japan s equity market, the Nikkei 225 index, lowered by -1.30% to 37,470.67 (vs. -1.22% prior, or +2.17% cumulatively in the last week, or -4.64% YTD), and Hongkong s Hang Seng index also fell, going down by -0.57% to 23,157.97 (vs. -1.24% prior, or -1.30% cumulatively in the last week, or +16.52% YTD) following concerns about US tariffs after President Donald Trump decides to double levies on steel and aluminum.


Starting the first trading day in June (2-Jun), the rupiah asset class saw mixed performance. The rupiah currency rebounded, while the JCI and INDOGB continued to post losses. After weakening for 3 consecutive days in the last week, the Indonesian rupiah rebounded, strengthening against the USD by +0.25% to Rp16,259/USD (vs. depreciating by -0.09% previously, or -0.43% cumulatively in the last week), thus narrowing the year-to-date losses by -0.91%. Meanwhile, in the equity market, the JCI index fell further by -1.54% to 7,065.07 (vs. -0.32% prior, or -0.53% cumulatively in the last week) but still posted gains by +1.01% YTD. The total trading value in the secondary market was relatively flat at Rp22.2tn (vs. Rp23tn previously, or Rp12.8tn average trading YTD), while foreign investors continued to record a net outflow of -Rp2.8tn (vs.
-Rp1.4tn prior, or -Rp1.29tn cumulatively in the last week, or -Rp50.96tn YTD). Concurrently, most Asian equity markets closed in the negative on Monday. Japan s equity market, the Nikkei 225 index, lowered by -1.30% to 37,470.67 (vs. -1.22% prior, or +2.17% cumulatively in the last week, or -4.64% YTD), and Hongkong s Hang Seng index also fell, going down by -0.57% to 23,157.97 (vs. -1.24% prior, or -1.30% cumulatively in the last week, or +16.52% YTD) following concerns about US tariffs after President Donald Trump decides to double levies on steel and aluminum.