Key facts
- The Indonesian rupiah breached 18,000 per US dollar.
- Indonesian stocks fell to their lowest level in nearly six years.
- Mounting policy uncertainty and macro headwinds are impacting Indonesian markets.
Indonesian markets experienced a significant downturn on Thursday. The Indonesian rupiah fell below the critical 18,000 mark against the US dollar. Concurrently, the country's stock market reached its lowest point in almost six years. This market decline was attributed to increasing policy uncertainty and broader macroeconomic challenges that have unsettled investors.