29 July 2026, 09:53 Indonesia: Stocks Fall for Sixth Session.
Indonesian shares slipped 50 points or 0.8% to 6,078 in early deals on Wednesday, retreating for the sixth straight session as market sentiment remained downbeat. Investor caution persisted following the sudden exit of Perry Warjiyo from his post as central bank governor, even as the Cabinet Secretary's office said in a statement that the leadership transition will be carried out in a transparent and accountable manner. Meanwhile, the government’s ability to contain job losses was also in doubt amid rising layoffs. Globally, U.S. stock futures weakened following a mixed session on Wall Street overnight, ahead of key corporate earnings ?releases and the Fed's interest rate decision later today. Still, losses were capped by reports that Jakarta is negotiating with the U.S. for a tariff exemption on palm oil under the new 10% tariff regime to protect export competitiveness. Among notable laggards were Surya Citra Media (-2.5%), Aneka Tambang (-2.1%), and Alamtri Minerals (-1.4%).
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