A sharp reversal in just one month! Indonesia's stock market has moved from a 'five-year low' into a 'technical bull market.'

Indonesia's stock market staged a dramatic turnaround—rebounding more than 10% from its five-year low and officially entering bull market territory. MSCI’s decision to delay a downgrade eased panic, while S&P’s reaffirmation of the BBB rating bolstered investor confidence. Valuations had fallen to levels 'too cheap to ignore,' attracting renewed foreign capital inflows. Coupled with regulators stepping in to address longstanding governance issues, these multiple positive catalysts have shifted market sentiment from 'panic selling' to 'confidence restoration.'

wallstreetcnJul 29 13:55

Express News | Indonesia's current account deficit widened to USD 4 billion in the first quarter, marking the largest current account deficit since 2019.

BreakingsMay 22 13:17

Indonesia Establishes Bond Stabilization Fund to Address Rupiah Depreciation

According to Nikkei News on May 8th, the Indonesian Finance Minister stated at a quarterly briefing held with the Financial System Stability Committee (KSSK) that Indonesia will launch a bond stabilization fund next week to support the exchange rate of the rupiah. The rupiah has depreciated by more than 4% this year and recently hit a new low against the US dollar. The Indonesian Finance Minister said, "This clearly indicates that funds are flowing out of our bond market." At the briefing, the minister noted that the fund is expected to reduce sovereign bond yields by approximately 1%. "We are trying to contribute by assisting Bank Indonesia in stabilizing the rupiah's exchange rate." He believes that the fund is expected to play a positive role.

Gelonghui FinanceMay 8 07:54

Bank Indonesia Maintains Key Interest Rate Unchanged, Pledges Further Intervention in Foreign Exchange Market

Bank Indonesia kept interest rates unchanged for the seventh consecutive meeting, avoiding both a rate cut that could jeopardize the already weak Indonesian rupiah and a rate hike that might undermine market confidence and economic growth. On Wednesday, the central bank maintained its benchmark interest rate at 4.75%, aligning with the expectations of all 39 economists surveyed by Bloomberg, underscoring its consistent emphasis on ensuring market stability. Bank Indonesia Governor Perry Warjiyo stated that the conflict in the Middle East is exacerbating the deterioration of the global economic outlook and exerting pressure on emerging market currencies, including the Indonesian rupiah, necessitating stronger fiscal and monetary policy responses.

Global Market NewsApr 22 15:59

Indonesian Retail Sales Expected to Strengthen in March

MT NewswiresApr 13 17:11

Indonesia announces B50 energy policy to increase biofuel blending ratio; Iran conflict impacts extend to palm oil market

Indonesia's shift to implement the B50 program indicates that the conflict in Iran is stimulating global demand for biofuels.

Zhitong FinanceApr 1 14:59