Indonesia's Rupiah Hits Record Low as 2026's Worst-Performing Stocks Tumble Under Prabowo
Updated
Updated · Bloomberg · Jun 12
Indonesia's Rupiah Hits Record Low as 2026's Worst-Performing Stocks Tumble Under Prabowo
3 articles · Updated · Bloomberg · Jun 12
Summary
Indonesia’s rupiah has slid to an all-time low against the US dollar, while its benchmark stock index has become the world’s worst performer so far in 2026.
Investor confidence has deteriorated less than two years into President Prabowo Subianto’s term, with alleged graft and policy missteps driving concern across markets and government.
The selloff marks a sharp reversal for a country once viewed as a global investor favorite, backed by Southeast Asia’s largest economy and biggest stock exchange.
That loss of confidence is raising broader questions about Indonesia’s economic trajectory and what a prolonged slump could mean for the wider Southeast Asian region.