28 July 2026, 08:36 Indonesia: Shares Extend Slide on BI Transition Concerns.
Indonesia’s IDX Composite slipped 32 points, or 0.5%, to 6,155 in Tuesday morning trade, marking its fifth straight decline as sentiment tracked weaker U.S. futures after a sell-off in chipmakers on Wall Street overnight dragged semiconductor gauges lower for a third day. Investors also stayed cautious ahead of the Federal Reserve’s policy decision later this week and earnings from major U.S. tech firms. Locally, uncertainty lingered over Bank Indonesia’s leadership transition following Perry Warjiyo’s abrupt resignation, with Senior Deputy Governor Destry Damayanti stepping in as acting governor until a successor is named. Losses were broad-based across financials, energy, industrials, and infrastructure, though declines were partly cushioned by falling crude oil prices, easing fiscal concerns for the net oil importer. Notable laggards included Medco Energi (-3.5%), Sarana Menara Nusantara (-2.0%), Mitra Adiperkasa (-1.4%), and Perusahaan Gas Negara (-1.0%).
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