double-skinned crabsVietnamese crab exportergood crabexellent crab

Profit-Taking and Geopolitics Drag JCI from Record Levels

Ria Fortuna Wijaya, Associated Press
November 21, 2025 | 4:33 pm
SHARE
A worker takes a photo of a screen displaying the Jakarta Composite Index (JCI) at the Indonesia Stock Exchange (IDX), in Jakarta, on Tuesday, Apr.16, 2024. (Antara Photo/Erlangga Bregas Prakoso)
A worker takes a photo of a screen displaying the Jakarta Composite Index (JCI) at the Indonesia Stock Exchange (IDX), in Jakarta, on Tuesday, Apr.16, 2024. (Antara Photo/Erlangga Bregas Prakoso)

Jakarta. Jakarta Composite Index (JCI) ended lower on Friday at 8,414, down 5.56 points or 0.07 percent, as regional sentiment weakened.

The benchmark moved within a range of 8,361–8,432, with 34.37 billion shares traded and a turnover of Rp 16.41 trillion ($984.68 million) across more than 1.9 million transactions. A total of 274 stocks rose, 352 declined, and 187 were unchanged.

Pilarmas Investindo Sekuritas said investors remained cautious in taking new positions after a sharp sell-off in Wall Street. US job data failed to provide clarity on the short-term rate outlook, dimming hopes for a Federal Reserve rate cut in December.

“US non-farm payrolls added 119,000 jobs in September, more than double the projected increase of 50,000,” Pilarmas said. Fed Governor Michael Barr also signaled the central bank would need to proceed carefully with additional cuts as inflation remains above target.

ADVERTISEMENT

Asian equities tracked the US decline, erasing Thursday’s gains amid fragile sentiment.

Additional pressure came from rising China–Japan tensions over Taiwan, including Beijing’s plan to halt imports of Japanese seafood. Domestically, the JCI also faced potential profit-taking after touching an all-time high in the previous session.

Japan’s Nikkei 225 fell 2.4 percent to 48,625 as concerns persisted over an AI-driven market bubble. Strong US job numbers also reduced expectations of a December Fed cut, weighing on investor appetite.

The Japanese government approved a 21.3 trillion yen ($135 billion) stimulus package, but the prospect of higher spending added pressure on the yen and government bonds. Inflation reached 3.0 percent in October, up from 2.9 percent in September.

Japan’s October exports rose overall, despite a drop in shipments to the US following President Donald Trump’s tariff increases. Gains in broader Asian demand helped offset the decline.

South Korea’s KOSPI tumbled 3.8 percent to 3,853, with Samsung Electronics down 5.6 percent and SK Hynix plunging 8.6 percent.

In Chinese markets, Hong Kong’s Hang Seng slipped 1.8 percent to 25,380, while the Shanghai Composite declined 2.2 percent to 3,844, weighed by regional geopolitical friction.

On Thursday in the US, major indexes swung sharply before closing lower. The S&P 500 lost 1.6 percent to 6,538, the Dow Jones Industrial Average fell 0.8 percent to 45,752, and the Nasdaq dropped 2.2 percent to 22,078.

Despite the JCI’s decline, several top gainers stood out: Bukaka Teknik Utama (BUKK) surged 25 percent, while Royalindo Investa (INDO), Gunung Raja Paksi (GGRP), and Suryamas Duta (SMDM) rose 24.79 percent, 24.76 percent, and 24.75 percent, respectively.

Among top losers, Puri Global Sukses (PURI) sank 14.87 percent. Tifa Finance (TIFA) and Sekar Laut (SKLT) fell 13.45 percent and 13.33 percent, while Sentra Food (FOOD) slipped 9.94 percent.

Tags: Keywords:
Google Add Investor.id as a preferred source on Google +
SHARE

Related Articles


Business 2 hours ago

MSCI Concerns, Tighter IDX Trading Rules Send Indonesian Stocks Down 5% by Midday

Indonesian stocks plunge 5% by midday as MSCI concerns weigh on sentiment and the IDX tightens its daily downside limit to 7%.
Business 6 hours ago

Indonesian Bank Stocks Hit Pandemic-Era Valuations After MSCI Shock

Indonesian bank stocks hit crisis-era lows as MSCI's downgrade proposal sparks a selloff and fuels fears of foreign outflows.
Business 6 hours ago

Indonesian Stocks Sink Toward 4,900 as MSCI Threat, $110 Oil Bite

Indonesian stocks plunged 4.31% to a 2026 low near 4,900 as MSCI downgrade fears and oil prices topping $110 per barrel.
Business Oct 17, 2026 | 11:53 am

Black Week for Indonesia Stocks Exchange as Market Loses $85 Billion

Indonesia’s stocks plunged 14.91% in a week, wiping out $94 billion in market value as MSCI weighs a downgrade to standalone status.
Business Oct 16, 2026 | 5:09 pm

Indonesia Fines DSSA, BREN and CUAN Rp 2.1 Trillion for Market Violations

OJK fines DSSA, BREN and CUAN Rp 2.1 trillion over stock manipulation and alleged irregularities in share offerings.
Business Oct 16, 2026 | 4:04 pm

Indonesian Stocks End at 2026 Low After Losing 11.57% on MSCI Warning

Indonesian stocks lost 11.57% to hit a new 2026 low as MSCI's reclassification warning rattled investor confidence.
Business Oct 16, 2026 | 3:52 pm

MSCI Concerns Put Indonesia’s Market Reforms to the Test

MSCI’s concerns over ownership transparency and market enforcement put Indonesia’s stock-market reforms under scrutiny.
Business Oct 16, 2026 | 12:48 pm

Indonesia Could Join Zimbabwe, Palestine in MSCI Standalone Market Downgrade

Indonesia risks joining Zimbabwe and Palestine in MSCI’s Standalone Market category, threatening foreign fund flows.
Business Oct 16, 2026 | 12:20 pm

MSCI Warning Raises Existential Questions for Indonesia's Stock Market, Economist Says

MSCI's downgrade threat tests Indonesia's market credibility, with an economist urging reforms to restore investor trust.
Business Oct 16, 2026 | 11:42 am

Indonesian Stocks Crash 10.76% by Midday as MSCI Downgrade Fears Mount

Indonesian stocks plunged 10.76% by midday Friday after MSCI proposed reclassifying the market from Emerging to Standalone status.

The Latest


News 35 minutes ago

Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore

Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.
Lifestyle 2 hours ago

Jakarta Outranks Amsterdam in Global Public Transport Survey

Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.
Business 2 hours ago

MSCI Concerns, Tighter IDX Trading Rules Send Indonesian Stocks Down 5% by Midday

Indonesian stocks plunge 5% by midday as MSCI concerns weigh on sentiment and the IDX tightens its daily downside limit to 7%.
News 2 hours ago

Jakarta Prepares 367 Health Facilities as Haze Reaches the Capital

Jakarta prepares 367 health facilities to treat potential haze-related illnesses after smoke from Sumatra and Kalimantan crosses the region.
News 3 hours ago

Jakarta Expands Flood Prevention With New Water Storage Ponds

Jakarta opens two East Jakarta water storage ponds as it expands flood prevention efforts through reservoirs and river normalization.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED