Indonesia's Jakarta Composite Index has plunged 37% from its 2026 peak while the rupiah hits all-time lows, as global investors pull billions from the

Analyst said rising oil prices increase Indonesia's demand for U.S. dollars to finance energy imports, adding further pressure on the rupiah.

Indonesia stocks also sank to a five-year low. Read more at straitstimes.com. Read more at straitstimes.com.