RRI.CO.ID, Jakarta - Most Asian stock markets closed lower, including Indonesia’s benchmark stock index, the IHSG, which fell 0.25% to 6,101.333. The index moved in a wide range between 5,993 and 6,121 during the trading session.
The IHSG showed high volatility, in line with movements in the Indonesian Rupiah exchange rate. Investors continued to monitor global economic conditions and external market pressures.
The Rupiah weakened and closed at 17,835 per US Dollar on Tuesday, 23 June 2026. During the day, the currency reached its weakest level of 17,875 before recovering slightly in the afternoon session.
The pressure on the Rupiah was mainly driven by external factors, especially a stronger US Dollar performance. Several US economic indicators have supported expectations that the Dollar may remain strong.
Market participants are also watching upcoming US inflation data, which could influence global financial markets. Higher-than-expected inflation may increase concerns over future interest rate decisions by the US Federal Reserve.
Besides economic data, investors are paying close attention to geopolitical developments, particularly tensions in the Middle East. Global uncertainty remains one of the factors affecting investment sentiment.
Meanwhile, global gold prices also declined to around 4,122 US Dollars per troy ounce, or approximately 2.37 million Rupiah per gram. Gold prices remain under pressure amid expectations of higher US interest rates and stronger demand for US government bonds.
Writer: Gunawan Benjamin (Economist, Islamic University of North Sumatra)
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