The stability of the rupiah exchange rate will be a crucial factor in determining the direction of JCI for the week.

The stability of the rupiah exchange rate will be a crucial factor in determining the direction of JCI for the week.

Indonesia's JCI may see volatile trading as high oil prices and elevated global interest rates weigh on sentiment.

The JCI fell by as much as 5 percent in the first trading session on Wednesday, while the rupiah weakened to Rp17,930 per U.S. dollar.

Jakarta Composite Index (JCI) continues to experience a sharp correction in Thursday's trading, with a decline of more than 4 percent.

The IDX Interim CEO reassures investors that capital market fundamentals remain strong despite the JCI falling to its lowest level since 2021.