JCI Weakens as Global Tech Sell-Off, Profit-Taking Hit Sentiment

Ria Fortuna Wijaya, Associated Press
February 13, 2026 | 4:22 pm
SHARE
A man observes a digital screen showing stock price movements at the Indonesia Stock Exchange in Jakarta, Friday (Dec. 12, 2025). (Antara Photo/Dhemas Reviyanto/bar)
A man observes a digital screen showing stock price movements at the Indonesia Stock Exchange in Jakarta, Friday (Dec. 12, 2025). (Antara Photo/Dhemas Reviyanto/bar)

Jakarta. Jakarta Composite Index (JCI) closed lower on Friday, sliding 53.08 points, or 0.64%, to 8,212, with trading ranging between 8,170 and 8,251 as investors turned cautious amid mixed global and domestic pressures.

Market activity remained robust, with 49.36 billion shares traded and turnover reaching Rp 24.30 trillion ($1.44 billion) across more than 2.85 million transactions. Decliners outnumbered gainers, with 408 stocks falling against 267 advancing and 148 unchanged.

On the gainers’ board, Trisula Textile surged 25.17%, followed by Rockfields Prop, up 24.79%, Guna Timur Raya, which climbed 24.74%, and Indospring, rising 24.51%.

Meanwhile, Ifishdeco dropped 14.93%, Satria Mega fell 14.91%, Hillcon declined 13.98%, and Leyand Internasional slipped 12.84%.

ADVERTISEMENT

Pilarmas Investindo Sekuritas attributed the decline to a combination of global and domestic sentiment that prompted a more defensive stance among investors. Regional Asian markets weakened in line with Wall Street losses, as concerns grew over the potential sectoral disruptions from artificial intelligence and as investors focused on upcoming US inflation data.

US inflation is expected to ease to 2.5% year-on-year from 2.7%, with core inflation also projected to slow to 2.5% from 2.6%—figures seen as key to shaping the Federal Reserve’s future interest-rate direction. Stronger-than-expected US labor data has already shifted expectations for the first rate cut to July 2026, later than the previously anticipated June timeline.

Pilarmas noted that contained inflation could still allow the US central bank to adopt looser policy to support economic growth and labor market stability.

Additional pressure came from China, where new home prices fell 3.3% year-on-year in January 2026, marking the deepest drop in seven months and underscoring ongoing weakness in the property sector that continues to weigh on investor confidence in the country’s recovery.

Domestically, the brokerage also cited profit-taking ahead of the long Lunar New Year holiday and cautious positioning before Bank Indonesia’s policy meeting next week as factors behind Friday’s decline.

Across Asia, shares traded lower following a technology-led sell-off on Wall Street tied to AI-related uncertainty. Japan’s Nikkei 225 dropped 1.2% to 56,941, with SoftBank Group tumbling 8.9% despite posting a $1.6 billion quarterly profit. South Korea’s Kospi slipped 0.3% to 5,507 even as Samsung Electronics gained 1.5%.

Hong Kong’s Hang Seng fell 1.7% to 26,575, while the Shanghai Composite declined 1% to 4,091.

Overnight in the US, the S&P 500 recorded its second-worst day since Thanksgiving, falling 1.6%, or 108.71 points, to 6,832, though it remains near last month’s record high. The Dow Jones Industrial Average dropped 1.3%, or 669.42 points, to 49,451, and the Nasdaq Composite slid 2%, or 469.32 points, to 22,597.

Recent fears that AI disruption could undermine parts of the software and broader technology sector have dented investor confidence, with uncertainties over whether massive corporate AI investments will ultimately deliver returns. Still, some economists remain optimistic, arguing the AI-driven rally, particularly in technology stocks, has further room to run and could support stronger equity performance this year.

Tags: Keywords:
SHARE

Related Articles


Business 14 hours ago

Indonesian Stocks Rise Despite Foreign Outflows as MSCI Review Looms

Indonesia's JCI rose 2.8% as easing geopolitical tensions offset foreign outflows, MSCI concerns and rupiah pressures.
Business Jun 19, 2026 | 5:06 pm

OJK Moves to Reassure Investors After MSCI Downgrades Information Flow

Indonesia said MSCI's transparency concerns validate ongoing reforms, while maintaining confidence in market access.
Business Jun 19, 2026 | 4:08 pm

JCI Ends Flat-to-Higher as MSCI Review Caps Gains

JCI rose 0.08% after a volatile session as investors weighed MSCI transparency concerns and Fed rate risks.
Business Jun 19, 2026 | 3:11 pm

Analyst: MSCI Report Is About More Than Indonesia's Emerging Market Status

MSCI's latest review flagged transparency and information flow gaps that could weigh on investor confidence in Indonesia.
Business Jun 19, 2026 | 9:07 am

Jakarta Stocks Weigh BI Rate Hike, MSCI Transparency Concerns

Indonesia kept its MSCI emerging market status, but concerns over transparency and market integrity weighed on stocks.
Business Jun 19, 2026 | 8:26 am

MSCI Retains Indonesia as Emerging Market, Warns on Market Transparency

MSCI kept Indonesia in its emerging market index but flagged persistent concerns over transparency and FX access.
Business Jun 18, 2026 | 11:23 pm

New IDX Chief Pledges Stronger Governance After Market Volatility

New IDX chief Jeffrey Hendrik pledges stronger governance and transparency after MSCI-related market volatility.
Business Jun 18, 2026 | 4:00 pm

JCI Drops 0.78% as BI Raises Rates and Investors Await MSCI Review

Jakarta stocks fell 0.78% after BI raised rates to 5.75%, while investors awaited MSCI's market review.
Business Jun 18, 2026 | 2:25 pm

OJK Nominates Seven IDX Directors, Jeffrey Hendrik Set to Remain CEO

Jeffrey would be appointed President Director of the Indonesia Stock Exchange after serving in an acting capacity.
Business Jun 18, 2026 | 9:05 am

Jakarta Stocks Retreat Ahead of Triple Market Tests: BI, MSCI and FTSE

JCI fell 0.46% as investors awaited Bank Indonesia's rate decision and key MSCI and FTSE index reviews.

The Latest


News 9 hours ago

Dear Mr. President, Don’t Skip ASEAN Summits

Despite calls for Prabowo to stay home, the Indonesian leader still needs to attend ASEAN summits.
Business 10 hours ago

PLN Rushes Coal Supplies After Power Outages Hit Java

PLN is rushing to secure coal supplies after shortages triggered rolling blackouts across Java, disrupting businesses and daily life.
Business 14 hours ago

Japan-Backed ADB Invests in Indonesia’s Human Capital

As many as 399 Indonesian awardees have joined the ADB-Japan Scholarship Program from 1988 to 2024.
Business 14 hours ago

Indonesian Stocks Rise Despite Foreign Outflows as MSCI Review Looms

Indonesia's JCI rose 2.8% as easing geopolitical tensions offset foreign outflows, MSCI concerns and rupiah pressures.
News 15 hours ago

World Cup 2026: Paraguay Holds Off Turkey With 10 Men to Keep Knockout Hopes Alive

Matias Galarza scored after 65 seconds as 10-man Paraguay beat Turkey 1-0, eliminating the Turks and securing first place for the US.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED