The IDX Composite dropped 132 points, or 1.6%, to 7,993 in early trade on Friday, tracking a downbeat session on Wall Street overnight amid fears over bad loans at U.S. regional banks, persistent U.S.-China trade tensions, and the ongoing U.S. government shutdown. The broader index erased gains from the previous session and touched its lowest level since September 16, with all sectors trading in the red, led by technology stocks. On the domestic front, fresh foreign direct investment (FDI) data also weighed on sentiment, showing the steepest quarterly decline in over five years in Q3 2025. Traders are also closely watching the central bank’s policy meeting scheduled for next week. Among the worst performers were Elang Mahkota (-5.1%), XL Axiata (-4.0%), Gudang Garam (-3.1%), Kalbe Farma (-2.5%), and Unilever Indonesia (-2.5%).