Market Review
JCI on Friday, June 5, 2026 opened slightly higher before reversing, closing session 1 down. The index ended the day down 4.20% (-245.02 points) to 5,595. Risk-off selling dominated large-caps driven by rupiah weakness past IDR 18,000/USD and rising 10-year SBN yield to 6.88%.
Asian markets closed sharply lower. KOSPI -5.54%, Nikkei -1.31%, Shanghai -0.74%, ASX 200 -0.70%. Broadcom’s disappointing earnings triggered a broad AI/semiconductor sell-off, compounded by stalled US-Iran peace talks and Hezbollah’s rejection of a new Lebanon ceasefire.
European markets opened mixed. STOXX 600 +0.05%, FTSE 100 flat, CAC 40 +0.25%, DAX -0.25%. The tech sector led losses with semiconductor names under pressure, while investors rotated into defensives ahead of the US non-farm payroll release.
Regards, Aldiracita Research
