Indonesia’s IDX Composite slipped 39 points, or 0.5%, to 6,949 in Tuesday morning trade, marking a third consecutive decline as U.S. futures notably weakened after President Donald Trump signaled strikes on Iran could escalate as soon as today. Investor caution also grew ahead of key inflation data in the U.S. and top trading partner China later this week. Domestically, the 2026 state budget posted a deficit of IDR 240.1 trillion, equal to 0.93% of GDP in Q1, wider than last year as spending outpaced revenue. Still, losses were partly contained by the government’s pledge to maintain subsidized fuel prices and keep the deficit within safe bounds this year, assuming oil prices average USD 100 per barrel. Most sectors were lower, dragged by industrials, basic materials, and cyclicals. Notable laggards included Aneka Tambang (-4.1%), Astra International (-2.9%), Telkom Indonesia (-2.8%), Bumi Resources (-2.5%), and Perusahaan Gas Negara (-1.4%).