The Fed
IHSG opens with 6.66% plunge to 8,382 level
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The Composite Stock Price Index (IHSG) opened sharply lower by 597 points or 6.66% to 8,382 on Wednesday, January 28, 2026, despite analysts' predictions of gains. The drop came amid strength in most Asian markets and anticipation of the US Federal Reserve's interest rate decision.
The rupiah exchange rate against the US dollar weakened at the market open in Jakarta on Thursday (January 29, 2026), reaching around Rp16,752-Rp16,771 per dollar. This decline occurred despite issues of US government intervention in the Federal Reserve and positive market response to continued domestic stimulus programs. Analysts predict limited strengthening potential due to global and domestic factors.
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The Composite Stock Price Index (IHSG) opened up about 0.2 percent to around 8,970 on Monday (January 26, 2026), nearing 9,000, as market players remained cautious ahead of the US Federal Reserve's decision. Analysts forecast consolidation in the 8,850-9,050 range, with rebound potential if it breaks above 9,050. Global factors like US economic data and MSCI methodology changes are also in focus.