Data from Bank Indonesia (BI) shows that in the fourth week of January 2026 (January 26-29), foreign capital net outflows from Indonesia's domestic market reached IDR 12.55 trillion (approximately RMB 5.7 billion).
The Head of BI's Communications Department disclosed in a written statement that net foreign outflows from the stock market amounted to IDR 12.40 trillion, from the government bond market (SBN) IDR 2.77 trillion; however, the Indonesian central bank's rupiah securities market (SRBI) recorded net foreign inflows of IDR 2.61 trillion.
As of January 29, year-to-date foreign capital flows in the Indonesian market show structural movement: cumulative net inflows into the stock market of IDR 4.84 trillion, net inflows into the SRBI market of IDR 6.18 trillion, and only net outflows of IDR 100 billion from the government bond market.
Notably, alongside this week's capital outflow, the spread on Indonesia's 5-year sovereign credit default swap (CDS) rose from 73.05 basis points on January 23 to 75.31 basis points on January 29, indicating an increase in investment risk premium. During the same period, the yield on Indonesia's 10-year government bonds climbed to 6.23%, while the yield on 10-year US Treasury bonds also rose to 6.36%.
In terms of exchange rates, on January 29, the Indonesian rupiah against the US dollar closed at 16,745, and opened slightly higher at 16,770 the next day (January 30).
BI officials stated that authorities are continuously strengthening coordination with the government and relevant regulatory agencies through optimizing policy mix strategies to maintain Indonesia's external resilience. Current foreign capital flow fluctuations are closely related to changes in global risk appetite, and Indonesia's financial markets still need to be vigilant against the transmission effects of external shocks.
Data from Bank Indonesia (BI) shows that in the fourth week of January 2026 (January 26-29), foreign capital net outflows from Indonesia's domestic market reached IDR 12.55 trillion (approximately RMB 5.7 billion).
The Head of BI's Communications Department disclosed in a written statement that net foreign outflows from the stock market amounted to IDR 12.40 trillion, from the government bond market (SBN) IDR 2.77 trillion; however, the Indonesian central bank's rupiah securities market (SRBI) recorded net foreign inflows of IDR 2.61 trillion.
As of January 29, year-to-date foreign capital flows in the Indonesian market show structural movement: cumulative net inflows into the stock market of IDR 4.84 trillion, net inflows into the SRBI market of IDR 6.18 trillion, and only net outflows of IDR 100 billion from the government bond market.
Notably, alongside this week's capital outflow, the spread on Indonesia's 5-year sovereign credit default swap (CDS) rose from 73.05 basis points on January 23 to 75.31 basis points on January 29, indicating an increase in investment risk premium. During the same period, the yield on Indonesia's 10-year government bonds climbed to 6.23%, while the yield on 10-year US Treasury bonds also rose to 6.36%.
In terms of exchange rates, on January 29, the Indonesian rupiah against the US dollar closed at 16,745, and opened slightly higher at 16,770 the next day (January 30).
BI officials stated that authorities are continuously strengthening coordination with the government and relevant regulatory agencies through optimizing policy mix strategies to maintain Indonesia's external resilience. Current foreign capital flow fluctuations are closely related to changes in global risk appetite, and Indonesia's financial markets still need to be vigilant against the transmission effects of external shocks.