
IHSG’s 2026 Crash From Record Highs to 5,000 The MSCI Threat, Economic Risks, and What the Weekly Chart Signals
Indonesia’s stock market has suffered a dramatic reversal in 2026, falling from record highs above 9,000 to nearly 5,000. Beyond panic selling, the decline reflects foreign capital outflows, macroeconomic uncertainty, market-governance concerns, and MSCI’s potential reclassification of Indonesia. Here is what the sell-off means and what the weekly chart suggests next.


