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Moody's lowered Indonesia's credit rating outlook, and the benchmark Jakarta Composite Index fell 2.5% while the rupiah weakened to 16,888 per dollar, its lowest since January 22. Markets slid again after the downgrade of the outlook.
Sovereign rating pressure and currency weakness raise the cost of imported feed ingredients for Indonesian buyers and signal fiscal stress that could weigh on domestic demand.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.