Indonesian Equity Valuations Likely to Recover From Rupiah Stabilization -- Market Talk
Dow Jones
Jun 18
0234 GMT - Indonesian equity valuations are likely to be supported by rupiah stabilization as currency is a key driver for market sentiment, DBS analysts say in a report. Concerns over narrowing trade surpluses, high oil prices and Indonesia's new export scheme have pressured the rupiah and equities, they say. Lower oil prices, easing geopolitical tensions and policy support from Bank Indonesia could help stabilize the rupiah, DBS says, as it lowers its end-2026 forecast for the Jakarta Composite Index to 8000 from 9500, citing uncertainties from a weak rupiah. The JCI is 1.1% lower at 6152.59.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
June 17, 2026 22:34 ET (02:34 GMT)
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