IHSG plunges 1.81%, leads Asia-Pacific market declines

JAKARTA – The Jakarta Composite Index (IHSG) closed the first trading day of the week in negative territory, falling 1.81% or 129.81 points to 7,046.01.
On Monday (2/6), trading volume on Indonesia Stock Exchange (IDX) reached 26.4 billion shares, with 1.45 million transactions recorded.
The total transaction value stood at IDR 22.24 trillion, consisting of IDR 16.71 trillion on the regular market, IDR 5.53 trillion on the negotiated market, and the rest on the cash market.
The financial sector suffered the deepest decline, down 2.56%. Meanwhile, the basic metals sector was the only sectoral index to book a gain, albeit modest at 0.21%.
According to observations from IDNFinancials.com, several composite indices across the Asia-Pacific region also declined in today’s trading.
Japan’s Nikkei 225 fell 0.57%, India’s BSE Sensex dropped 0.21%, Taiwan’s TWII slipped 0.05%, while South Korea’s KOSPI edged up 0.05%.
Among ASEAN indices, Singapore’s STI dropped 0.10%, Thailand’s SET remained flat, and Malaysia’s KLCI fell 0.70% in the most recent trading session.
In earlier reports, analysts projected IHSG could strengthen to the 7,300 level in June, supported by positive catalysts such as foreign capital inflows and government economic stimulus packages.
However, investors are still advised to remain cautious of several risks, particularly volatility in global financial markets. (KR/ZH)