Weekly Market Recap 6 -10 July 2026

Market Summary:

Global Equity: Global equities mixed as a late-week AI/semiconductor rebound lifted US indices, KOSPI down -7.57%, the week’s worst performer as AI-overinvestment concerns hitting Samsung and SK Hynix.
Domestic Equity: JCI gained +0.83% WoW while Foreign outflow: IDR1.3tn WoW, moderating from prior week.
Domestic Bond Market: IndoGB 10Y yield rose by +10bps WoW to 7.24%. Foreign outflow: IDR980bn WoW (8/7).

Key News of The Week:

US–Iran interim agreement collapsed midweek after US strikes on Iran in retaliation for attacks on three tankers in the Strait of Hormuz
US ISM services eased to 54 in June, a 24th straight month of expansion; initial jobless claims fell to 215k while existing home sales dropped on affordability pressures.
SK Hynix debuted on Nasdaq, raising USD26.5bn in the largest-ever US listing by a foreign company, with shares opening +14% above the IPO price.
S&P DJI placed Indonesia on its watch list for potential reclassification to frontier market, citing stock ownership transparency concerns.
Indonesia’s June FX reserves rose, while consumer confidence fell for a second straight month to the weakest since Sep‘25; retail sales posted the deepest annual contraction in three years despite June car sales rising +12%YoY.
DPR expected the 2027 MBG budget to be cut to IDR174tn (2026: IDR268tn) with the official allocation to be finalized in Sep’26.

Our View

Next week’s focus will be on US CPI and Fed Chair Warsh’s first congressional testimony, with China’s Q2 GDP and renewed Strait of Hormuz hostilities as the swing factors.

Domestically, the S&P DJI watch list adds an overhang, keeping foreign positioning defensive. With rupiah trading above 17,900 and consumer indicators softening, we maintain that near-term direction hinges on the currency and external headlines, while the widening gap between depressed valuations and earnings trajectories continues to argue for alpha via disciplined sector allocation and stock selection. In fixed income, we continue to view current yields as an attractive entry point for medium-to long term investors, on the view that BI’s tightening cycle is nearing its peak as domestic demand indicators soften, though renewed US–Iran hostilities and the still-fragile external balance argue a gradual accumulation.

Product Recommendation:

RD MISB, RD MMUSD, RD IDAMAN, RD MIDU, RD MIDSYA, RD MGSED, RD MASED, RD FTSE, ETF LQ45, ETF SRI Kehati, MICB, MITRAS.

Discover a detailed analysis of this week’s market performance in our comprehensive Weekly Market Recap: Read More

PRODUCT	3M PERFORMANCE	YTD PERFORMANCE
JCI	-20.57%	-31.49%
LQ45	-21.06%	-30.40%
EQUITY
MITRA A	-13.93%	-21.58%
MICB A	-14.48%	-20.82%
ASEAN5	-14.66%	-22.56%
MGSED	+11.31%	+15.30%
INDEX
FTSE ESG A	-13.07%	-22.58%
ETF
XMLF	-18.09%	-27.02%
BALANCED
MISB	-13.09%	-13.55%
MIA	-15.45%	-15.20%
FIXED INCOME
MIDU A	-1.76%	-2.01%
MIDO2	-3.34%	-3.69%
IDAMAN A	-2.12%	-2.34%
MONEY MARKET
MIPU A	+1.30%	+1.16%
MMUSD	+1.43%	+1.32%

*The data above is as of July 10th, 2026

For More Information

Contact Mandiri Investasi – (021) 526 3505
Email Mandiri Investasi – [email protected]
Mandiri Investasi – mandiri-investasi.co.id

DISCLAIMER‌
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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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