Indonesian shares fell 27 points, or 0.4%, to 6,487 in Monday morning trading, extending losses from the previous session. Sentiment was pressured by a sharp decline in U.S. futures after Fed Chair Kevin Warsh’s hawkish remarks at Jackson Hole increased expectations for a September interest-rate hike. Oil prices also surged after U.S. strikes on Iranian rocket launchers over the weekend. Domestic investors remained cautious ahead of August inflation and July trade data due this week. Losses were partly limited after the House of Representatives approved Destry Damayanti as Bank Indonesia’s governor for 2026–2031, replacing Perry Warjiyo, who resigned in July. Basic materials, health and infrastructure stocks led the decline, with Hartadinata Abadi falling 4.7%, Merdeka Copper Gold dropping 3.0% and Aneka Tambang declining 1.6%. Despite Monday’s weakness, the market was on course for a second consecutive monthly advance of nearly 4%, supported by bargain hunting after prices reached a six-year low in June.