The Jakarta Composite Index (JCI) and the Rupiah Remain Under Pressure, Where Is Investor Money Going?

Jakarta, CNBC Indonesia - The Indonesian financial market is still facing a weakening trend in the Jakarta Composite Index (JCI) and the Rupiah exchange rate, as the risk of Middle East war continues to weigh on the MSCI-FTSE's valuation of Indonesia. This has caused the JCI to plummet to a record low of 6,200, and the Rupiah to weaken to an all-time low of Rp 17,700 per US dollar.
Farash Farich, Chief Investment Officer of BNI Asset Management, stated that domestic economic challenges and ongoing global geopolitical tensions are causing the stock and government securities (SBN) markets to remain highly volatile.

How do large fund managers view the pressures in the Indonesian financial market? What are their investment directions and strategies in addressing these conditions? For more information, watch Andi Shalini's dialogue with Farash Farich, Chief Investment Officer of BNI Asset Management, on Squawk Box, CNBC Indonesia (Wednesday, May 20, 2026).