JAKARTA – The Jakarta Composite Index (JCI) came under pressure today due to a wave of net selling in large-capitalization stocks (big caps).

For example, shares of PT Barito Renewables Energy Tbk (BREN), owned by conglomerate Prajogo Pangestu, fell 4.95% to IDR 9,125 per share during Thursday's (30/1) trading session. This decline reduced BREN's market capitalization to IDR 1,212.92 trillion.

Other big cap stocks also weakened, including PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), which dropped 1.67% to IDR 4,120 per share, and PT Bank Central Asia Tbk (BBCA), which fell 2.14% to IDR 9,150 per share by the close of trading.

In the telecommunications sector, PT Telkom Indonesia (Persero) Tbk (TLKM) saw a 1.86% decline, falling to IDR 2,640 per share.

Meanwhile, the rupiah weakened by 0.5% against the U.S. dollar, reaching IDR 16,255 per USD. According to Bank Indonesia (BI), as quoted by Reuters, this depreciation was driven by the Federal Reserve's interest rate policies and the strengthening of U.S. stock markets.

In addition to domestic factors, global uncertainty continues to loom over the market. Asian investors are exercising caution following signals from the White House regarding potential import tariffs on Canada and Mexico, set to take effect on Saturday.

Furthermore, Trump has set a February 1 deadline for imposing a 10% tariff on imported goods from China. Given that Canada, Mexico, and China are the U.S.'s three largest trading partners, with total trade exceeding USD 2.1 trillion annually, these policies could have far-reaching implications for global markets. (DK/KR/ZH)