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.

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.

Indonesian stocks suffered a rout on Wednesday with the benchmark index closing at its lowest level in five years.

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

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

By Amanda Lee and Ying Xian Wong

The JCI's decline underscores heightened market uncertainty, prompting investors to reduce exposure to riskier assets.

An economist shared insights on how to save rupiah and the Jakarta Composite Index (JCI/IHSG) from weakening further.

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