The Jakarta Composite Index (JCI) dropped 4.20 percent by the end of trading this afternoon.

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.

Indeks Harga Saham Gabungan (IHSG) ditutup anjlok hampir 5% pada perdagangan Rabu (3/6).