Indonesia Shares Slip as Budget Address and BI Meeting Loom
Indonesia's IDX Composite falls 23 points, or 0.4%, in early Friday trade, with investors cautious ahead of President Prabowo’s 2027 budget address, Bank Indonesia’s policy meeting, and MSCI’s August review deletions.
4% to 6,282 in early Friday trade, extending weakness from the prior session as transport, healthcare, and financials weighed on sentiment. Traders stayed guarded ahead of President Prabowo’s address to parliament on the 2027 budget later today, expected to lean on consumption despite sliding approval and investor unease over commodity export curbs. Focus also turned to Bank Indonesia’s policy meeting next week, its first since Perry Warjiyo’s sudden departure, following a cumulative 100bps of hikes between May and June. Meanwhile, MSCI’s August review kept pressure on equities after confirming no new inclusions and 11 deletions effective after August 31.
1%) led decliners. 4% so far.