Jakarta Composite Falls After Moody’s Outlook Cut

RRI.CO.ID, Jakarta - The Indonesia Stock Exchange (IDX) opened lower on Friday, February 13, 2026, tracking declines across Asian and global markets.

The Jakarta Composite Index (JCI) fell 25.34 points, or 0.31 percent, to 8,240.01 at the opening. The LQ45 index, which tracks 45 leading stocks, dropped 3.18 points, or 0.38 percent, to 836.22.

Ratna Lim, head of research at Phintraco Sekuritas, said the JCI was likely to weaken further and test the 8,150–8,200 range ahead of the long weekend.

“JCI will tend to move lower and test the 8,150–8,200 level in Friday’s trading (Feb. 13), ahead of the long weekend,” Ratna said in a research note issued in Jakarta on Friday, as quoted by Antara.

From the domestic side, President Prabowo Subianto plans to hold an economic forum on Friday to provide a comprehensive explanation of the national economic condition and the government’s response to global developments.

The government expects the meeting to address concerns following Moody’s Ratings’ decision to revise Indonesia’s sovereign credit outlook from stable to negative.

From overseas, investors are awaiting the United States’ January 2026 inflation data. Consensus forecasts annual inflation of 2.5 percent year-on-year, easing from 2.7 percent in December 2025. “Inflation data will draw investors’ attention after US nonfarm payrolls data came in better than expected,” Ratna said.

On Thursday, February 12, most European markets closed lower. The Euro Stoxx 50 index slipped 0.27 percent, the United Kingdom’s FTSE 100 fell 0.67 percent, and Germany’s DAX edged down 0.01 percent, while France’s CAC 40 rose 0.33 percent.

Wall Street also closed lower on Thursday. The Dow Jones Industrial Average declined 1.24 percent, the S&P 500 fell 1.57 percent and the Nasdaq Composite dropped 2.04 percent.

Asian markets traded lower on Friday morning. Japan’s Nikkei index fell 413.19 points, or 0.72 percent, to 27,226.60. Hong Kong’s Hang Seng declined 397.84 points, or 1.47 percent, to 26,634.68. China’s Shanghai Composite slipped 13.76 points, or 0.33 percent, to 4,120.25. Singapore’s Straits Times index dropped 57.14 points, or 1.14 percent, to 4,959.60. ***