JAKARTA – Jakarta Composite Index (JCI) dropped 7.71% at the close of the first trading session on Tuesday (8/4), compared to the previous session on March 27.

The index’s sharp decline mirrors movements in other Asian markets, triggered by escalating tariff wars between the United States and major trading partners such as China since last week (2/4).

According to IDX data, JCI stood at 6,008.47 at 12 PM WIB, having recovered slightly from its session low of 5,912.95 at 09 AM WIB.

Other major indices also recorded losses. The LQ45 fell 8.51% to 671.996, IDX30 dropped 8.37% to 354.484, IDX80 declined 8.81% to 96.133, and the ESG Leader index (IDXESGL) plummeted 8.90% to 127.649.

JCI continued to weaken at the start of the second trading session.

Shares of several big-cap companies were among the hardest hit. PT Bank Central Asia Tbk (BBCA) fell 7.65% to IDR 7,850, PT Bank Mandiri (Persero) Tbk (BMRI) dropped 9.23% to IDR 4,720, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) lost 8.40% to IDR 3,710, PT Telekomunikasi Indonesia (Persero) Tbk (TLKM) fell 7.88% to IDR 2,220, and PT Bank Negara Indonesia (Persero) Tbk (BBNI) slid 4.72% to IDR 4,040 per share.

At the last trading session before the 2025 Eid holiday, JCI had closed up 0.59% at 6,510.62, despite touching a low of 6,417.24 earlier in the day. (LK/ZH)