The JCI opened 48.41 points lower, or 0.65 percent, at 7,410.09. The LQ45 index of blue-chip stocks also declined 5.28 points, or 0.71 percent, to 741.19.
“Overall, resilient domestic demand remains the main support amid external pressures. The JCI still has limited upside potential today,” Lotus Andalan Sekuritas Research Team said in a note in Jakarta on Monday.
From the global front, geopolitical tensions remain in focus after weekend talks between the United States and Iran in Islamabad, Pakistan, failed to reach an agreement, raising concerns over the fragility of a two-week ceasefire.
In macroeconomic developments, US inflation stood at 0.9 percent month-to-month and 3.3 percent year-on-year, driven by rising energy prices. This could place the Federal Reserve in a policy dilemma between controlling inflation and supporting growth, especially if oil prices remain elevated in the coming months.
In Asia, China’s solid economic performance continues to support the global demand outlook, particularly for commodity-exporting countries such as Indonesia. However, weaker-than-expected data could trigger a risk-off sentiment and further pressure risk assets.
Domestically, investors are awaiting key indicators from Bank Indonesia, including the Retail Sales Survey, external debt statistics, the Prompt Manufacturing Index, and the Business Activity Survey.
Post-Ramadan consumption data will be closely watched as a gauge of household purchasing power, while external debt stability is seen as a key indicator for external risk perception and capital flow direction.
In Europe, markets closed mixed on Friday (April 10), with the Euro Stoxx 50 rising 0.65 percent, while the UK’s FTSE 100 edged down 0.03 percent, Germany’s DAX slipped 0.01 percent, and France’s CAC 40 gained 0.17 percent.
US Wall Street also ended mixed on Friday. The Dow Jones Industrial Average fell 0.56 percent to 47,916.57, the S&P 500 slipped 0.11 percent to 6,816.89, while the Nasdaq Composite rose 0.14 percent to 25,116.34.
In Asia-Pacific trading this morning, Japan’s Nikkei fell 498.61 points, or 0.88 percent, to 56,425.50. China’s Shanghai Composite dropped 0.23 percent to 3,976.95, Hong Kong’s Hang Seng declined 1.15 percent to 25,594.50, and Singapore’s Straits Times Index slipped 0.27 percent to 4,975.75.
Read: Analyst Predicts Gold Price to Top Rp3 Million per Gram Next Week
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