The Indonesia stock market has moved lower in five straight sessions, sinking almost 590 points or 8 percent in that span. The Jakarta Composite Index now rests just beneath the 6,600-point plateau and it's expected to open to the upside on Tuesday.
The global forecast for the Asian markets is soft on ongoing pessimism over the conflict in the Middle East and concerns over the outlook for interest rates. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to split the difference.
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.