Jakarta Composite Index Falls Below 8,000 Amid Global Sell-Off

RRI.CO.ID, Jakarta - The Jakarta Composite Index (JCI) on the Indonesia Stock Exchange (IDX) opened sharply lower on Friday morning, February 6, 2026, following a broad sell-off across Asian and global equity markets.

The index dropped 188.20 points, or 2.32 percent, to 7,915.66. The LQ45 index of blue-chip stocks fell 16.33 points, or 1.97 percent, to 813.02.

Phintraco Sekuritas Research Head Ratna Lim noted that the JCI is currently testing a psychological support level. “The JCI is estimated to potentially test the support level at 8,000,” she said in a research report on Friday, as quoted by Antara.

The decline came despite positive domestic economic data. The Central Bureau of Statistics (BPS) reported that Indonesia’s Gross Domestic Product (GDP) grew 5.39 percent year-on-year in the fourth quarter of 2025, surpassing market expectations of 5.01 percent and higher than the 5.04 percent growth recorded in the third quarter. For the full year, the economy expanded 5.11 percent, slightly below the government’s target of 5.2 percent.

“This growth is also the strongest annual growth since the third quarter of 2022, supported by private sector expansion and rising investment,” Ratna added.

Market sentiment was dampened by Moody’s Ratings, which on Thursday revised Indonesia’s sovereign rating outlook to negative from stable, while maintaining the rating at Baa2.

Moody’s cited a decline in policy predictability and governance effectiveness as the main reasons for the outlook change. “This has the potential to create negative sentiment in Friday’s trading,” Ratna warned.

The domestic slump reflected a weak performance across global exchanges. On Wall Street, the S&P 500 fell 1.23 percent, the Nasdaq dropped 1.38 percent, and the Dow Jones slid 1.20 percent during Thursday’s session.

European markets also closed lower, with the UK’s FTSE 100 down 0.99 percent, Germany’s DAX down 0.46 percent, France’s CAC down 0.29 percent, and the Euro Stoxx 50 down 0.66 percent.

Asian markets opened mostly bearish on Friday. Hong Kong’s Hang Seng fell 1.52 percent, Singapore’s Straits Times dropped 0.63 percent, and Shanghai’s Composite slipped 0.16 percent. Japan’s Nikkei, however, managed to post a slight gain of 0.27 percent.

Investors are now awaiting the release of Indonesia’s January 2026 foreign exchange reserves and the fourth-quarter 2025 property price index, which are expected later today. ***