02 June 2026
Market Summary:
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Global Equity: Strong week driven by AI trade and US-Iran ceasefire optimism, with the S&P extending its nine-week winning streak while KOSPI (+8.01%) and Nikkei 225 (4.72%) led gains.
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Domestic Equity: JCI down by -0.56% WoW. Foreign recorded net outflow: IDR 12.34tn WoW in all market, likely reflecting MSCI rebalancing.
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Domestic Bond Market: SBN 10Y yield flat at 6.7%, while the auction (26/05) demand rebound on higher offshore participation (Rp7.2tn). Total incoming bids Rp57.3tn vs Rp51.4tn previously.
Key News of The Week:
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US and Iran have outlined a tentative 60‑day ceasefire extension but still awaits final approval from both sides.
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US headline PCE inflation is +3.8% YoY and core PCE +3.3% YoY, the highest since May ’23. While 1Q26 US GDP revised down (1.6% ann.) as consumer spending and investment were weaker than first estimated.
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Global technology stocks surged on strong earnings from AI-related companies, with Dell Technologies shares soaring ~30% after raising its sales outlook well above expectations, ~$60 billion in expected revenue from AI servers. While SK Hynix shares rising over 6% as its market valuation exceeded $1 trillion, fuelled by demand for high-bandwidth memory chips used in AI servers.
- The Indonesia govt. has postponed full implementation of the single‑gateway export policy for strategic commodities through DSI from Sep ‘26 to Jan ’27, allowing exports via existing partners during 2026.
Our View
Market focus will be on US–Iran headlines and US data, with April PCE key for the growth and Fed “higher‑for‑longer” narrative. Domestically, potential regulatory changes and the 29 May MSCI rebalancing could trigger passive outflows, and although some selling has likely been pre‑empted, with only three trading days, flow execution may amplify short‑term volatility.
Product Recommendation:
RD MISB, RD MMUSD, RD IDAMAN, RD MIDU, RD MIDSYA, RD MGSED, RD MASED, RD FTSE, ETF LQ45, ETF SRI Kehati, MICB.
Discover a detailed analysis of this week’s market performance in our comprehensive Weekly Market Recap: Read More
| PRODUCT | 3M PERFORMANCE | YTD PERFORMANCE |
|---|---|---|
| JCI | -25.60% | –29.14% |
| LQ45 | -26.75% | -27.81% |
| EQUITY | ||
| MITRA A | -20.06% | -19.63% |
| MICB A | -20.29% | -18.82% |
| ASEAN5 | -20.44% | -20.09% |
| MGSED | ||
| INDEX | ||
| FTSE ESG A | -19.31% | -20.64% |
| ETF | ||
| XMLF | -24.22% | -25.26% |
| BALANCED | ||
| MISB | -13.51% | -11.25% |
| MIA | -13.63% | -13.37% |
| FIXED INCOME | ||
| MIDU A | -1.15% | -1.41% |
| MIDO2 | -1.97% | -2.33% |
| IDAMAN A | -1.35% | -1.57% |
| MONEY MARKET | ||
| MIPU A | +1.08% | +0.94% |
| MMUSD | +1.13% | +1.02% |
*The data above is as of May 29th, 2026
For More Information
Contact Mandiri Investasi – (021) 526 3505
Email Mandiri Investasi – [email protected]
Mandiri Investasi – mandiri-investasi.co.id
DISCLAIMER
The information and opinions expressed in this article are for general informational purposes only and are not intended as specific advice or recommendations for any individual, security, or investment product. The content is meant to provide education about the financial industry. Opinions and views presented may change without prior notice. All performance data and investment returns mentioned in this article should not be used as a guarantee or basis for decisions to buy or sell any securities. The data reflects historical performance and does not guarantee future results. Investing in mutual funds carries risks. Investors are advised to carefully read and understand the prospectus before making any investment decisions.
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