IHSG Anjlok: Faktor Pemicu dan Strategi Investor Menghadapinya

Περίληψη

The phenomenon of the collapse of the Jakarta Composite Index (JCI) is a clear reflection of the instability of the Indonesian capital market which is influenced by various factors, one of which is legal uncertainty. Legal certainty plays a key role in shaping the perception and behavior of investors, both domestic and foreign. This article discusses how legal uncertainty, including regulatory inconsistencies, external factors, and lack of government transparency, has a significant impact on investor confidence which leads to fluctuations in the JCI. Through a normative approach and literature review, this article finds that the correlation between legal certainty and investor confidence is strong and affects the JCI itself. The higher the investor's trust in the government, the more stable investor confidence becomes, which in turn contributes to the strengthening of the JCI. Conversely, low levels of investor confidence cause investors to withdraw their funds, exacerbating market volatility. Thus, legal reform, increased transparency, and government commitment in strengthening legal protection for market participants are needed as strategic solutions to maintain the stability of the JCI and improve the competitiveness of the Indonesian capital market at the global level.