{"id":478036,"date":"2026-06-05T17:37:18","date_gmt":"2026-06-05T17:37:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/478036\/"},"modified":"2026-06-05T17:37:18","modified_gmt":"2026-06-05T17:37:18","slug":"indonesias-regulator-defends-market-as-stocks-extend-slide","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/478036\/","title":{"rendered":"Indonesia&#8217;s regulator defends market as stocks extend slide"},"content":{"rendered":"<p>\t\t\t\t\tJakarta (ANTARA) &#8211; Indonesia\u2019s financial regulator sought to reassure investors after the Jakarta Composite Index capped a turbulent week with a 4.20 percent decline to 5,594.77, saying corporate earnings and market fundamentals remain resilient despite mounting volatility.<\/p>\n<p>The Financial Services Authority, or OJK, said listed companies posted aggregate first-quarter profit growth of more than 21 percent from a year earlier, underscoring the strength of corporate performance.<\/p>\n<p>\u201cMost listed companies continued to generate profits,\u201d Hasan Fawzi, OJK\u2019s chief executive for capital market supervision, said at a press briefing on Friday.<\/p>\n<p>Historical performance data and earnings prospects should provide investors with a rational basis for evaluating investment opportunities, Hasan said.<\/p>\n<p>The regulator\u2019s comments came after a wave of heavy selling rattled Indonesia\u2019s equity market and pushed benchmark stocks deeper into correction territory.<\/p>\n<p>By the end of May, the Jakarta Composite Index had fallen 11.92 percent from a month earlier, extending its year-to-date decline to 29.14 percent.<\/p>\n<p>Related news: <a href=\"https:\/\/en.antaranews.com\/news\/416137\/idx-urges-calm-after-sharp-jakarta-composite-index-correction\" title=\"IDX urges calm after sharp Jakarta Composite Index correction\" rel=\"nofollow noopener\" target=\"_blank\">IDX urges calm after sharp Jakarta Composite Index correction<\/a><\/p>\n<p>The selloff intensified midweek, with the benchmark index dropping 4.11 percent on Wednesday to 5,941.07 after investors reduced exposure to domestic equities.<\/p>\n<p>The index extended losses on Thursday, sliding another 1.70 percent after touching an intraday low, reflecting persistent pressure across major sectors.<\/p>\n<p>Selling accelerated again on Friday, sending the benchmark down 4.20 percent and leaving it at 5,594.77 by the close.<\/p>\n<p>According to the OJK, the recent turbulence reflects investor reactions to evolving global and domestic macroeconomic conditions rather than weaknesses within Indonesia\u2019s financial system.<\/p>\n<p>A major factor has been global index rebalancing activity, which has prompted international fund managers to adjust asset allocations and reduce holdings in Indonesian stocks.<\/p>\n<p>Despite the downturn, Hasan urged both retail and institutional investors to assess market conditions objectively and avoid making decisions driven by short-term sentiment.<\/p>\n<p>\u201cInvestment decisions should be based on analysis, verified disclosures and company fundamentals, particularly during periods of heightened market volatility,\u201d Hasan said.<\/p>\n<p>Related news: <a href=\"https:\/\/en.antaranews.com\/news\/417973\/purbaya-sees-no-need-for-ihsg-intervention-amid-selloff\" title=\"Purbaya sees no need for IHSG intervention amid selloff\" rel=\"nofollow noopener\" target=\"_blank\">Purbaya sees no need for IHSG intervention amid selloff<\/a><\/p>\n<p class=\"text-muted mt-2 small\">Translator: Rizka Khaerunnisa, Yashinta Difa<br \/>Editor: Rahmad Nasution<br \/>Copyright \u00a9 ANTARA 2026<\/p>\n","protected":false},"excerpt":{"rendered":"Jakarta (ANTARA) &#8211; Indonesia\u2019s financial regulator sought to reassure investors after the Jakarta Composite Index capped a turbulent&hellip;\n","protected":false},"author":2,"featured_media":478037,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-478036","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/478036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=478036"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/478036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/478037"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=478036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=478036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=478036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}