Market Update 6 Oct 2026

Previous Trading Session – 05 October 2026

• The Indonesia Stock Exchange Composite Index (IHSG) closed higher by 1.36% at 6,118.86, compared with 6,036.89 at the close of 02 October 2026.
• The Indonesian Rupiah (IDR) closed weaker by 0.15% at 17,900/USD, compared with 17,873/USD at the close of 02 October 2026.

Indonesia’s financial markets closed mixed on Monday, with the IHSG strengthening while the Rupiah weakened. The IHSG was supported by gains in the infrastructure, property, energy, and banking sectors. Meanwhile, the Rupiah remained under pressure from a stronger US Dollar and elevated US Treasury (UST) yields.

Global Markets

Wall Street closed higher, with the Nasdaq rising 1.05% to 27,477.31, the S&P 500 gaining 0.66% to 7,773.95, and the Dow Jones increasing 0.18% to 51,267.90. The gains were primarily supported by technology and AI-related stocks, while lower oil prices and easing expectations for further Federal Reserve rate hikes helped sustain positive market sentiment.

Oil prices declined, with West Texas Intermediate (WTI) falling 2.11% to USD 89.19 per barrel and Brent crude declining 1.99% to USD 100.22 per barrel, amid a recovery in Middle Eastern oil exports and increased flows through the Strait of Hormuz. However, escalating tensions in Yemen and the risk of disruptions along the Bab el-Mandeb trade route remain factors that could sustain volatility in energy prices.

The US Dollar Index (DXY) strengthened by 0.19% to 102.12, reaching its highest level since April 2025, supported by a weaker euro amid rising political and fiscal uncertainty in Europe. Meanwhile, 10-year and 30-year UST yields increased to 5.31% and 5.66%, respectively, adding pressure on emerging-market currencies and assets. Markets currently price approximately a 77% probability that the Federal Reserve will keep its policy rate unchanged at its next meeting.

The US released its September ISM Services PMI, which declined to 54.9 from 55.4, below the market expectation of 55.0. The data indicates a moderation in services-sector activity and could potentially limit further US Dollar appreciation. Tonight, the US is scheduled to release its August Trade Balance, which is projected to record a USD 102 billion deficit, widening from the previous USD 88.6 billion deficit.

USD/IDR Outlook for Today: 17,870–17,970

Indonesia Economic Indicators:

Sources: CNBC Indonesia, Trading Economics, Bank Indonesia, and Reuters.

CCY BN & TT – J Trust Bank:

Currencies Available for Transactions:

Foreign Exchange Transaction Requirements:

• For foreign exchange transactions against Rupiah below the applicable threshold, customers are required to submit a Statement Letter confirming that the transaction is below the threshold, along with a copy of valid identification.
• For foreign exchange transactions against Rupiah above the applicable threshold, customers are required to submit a Statement Letter confirming that the transaction exceeds the threshold, together with supporting underlying documents, NPWP (Tax Identification Number), and valid identification.

Contact – Treasury Sales, Bank J Trust Indonesia:

(021) 2926-1114 (hunting)

• Bintang: 0812 2650 949
• Hanif: 0811 8762 001
• Naomi: 0877 0633 1585
• Ade: 0821 6939 7410

Disclaimer:

Although the information contained herein has been prepared by PT Bank JTrust Indonesia Tbk (J Trust Bank) based on sources believed to be reliable, J Trust Bank makes no representation or warranty, express or implied, as to the accuracy or completeness of such information and assumes no responsibility for any errors or omissions.

Accordingly, the information provided herein does not constitute a guarantee of future performance and should not be relied upon as such. All information contained herein is subject to change without prior notice.

No part of this information may be reproduced in any form without the prior written consent of J Trust Bank.