IHSG Closed Weaker, Dropped to 6,968 Today

The Composite Stock Price Index (IHSG) closed down 1.96%, plummeting to 6,968 after opening at 7,107 today, Thursday (19/06). It is known that this decline in IHSG has occurred for seven consecutive days.
One of the divisions is caused by the decision of Bank Indonesia (BI) to maintain the benchmark interest rate at 5.50%. BI also kept the Deposit Facility interest rate at 4.75%, and the Lending Facility interest rate remains at 6.25%.
The Federal Reserve, the central bank of the United States (AS), again held its interest rate at the level of 4.25-4.50% this month, and Indonesia's economic movement is also still burdened by the Middle East conflict that is heating up after the US prepares to attack Iran.
However, it is not only the IHSG that has weakened. The China's CSI 300 index fell by 0.82%, Japan's Nikkei 225 lost 1.02% to close at 38,488.34, while Japan's Topix fell by 0.58% and closed at 2,792.08.
In contrast, the South Korean Kospi index saw an increase of 0.19% to close at 2,977.74. Meanwhile, the Australian S&P/ASX 200 index ended the day flat at 8,523.7.