Indonesia\u2019s financial markets are expected to remain under heavy\npressure today.<\/p>\n
The Jakarta Composite Index (IHSG) closed down 0.91% or 73.18 points\nat 7,943.65 on Tuesday (3 March 2026).<\/p>\n
In the United States, Wall Street collapsed across the board on\nTuesday trading, or early Wednesday in Indonesia.<\/p>\n
Equity markets were highly volatile on Tuesday amid concerns over a\nprolonged conflict between the United States and Iran unsettling\ninvestors. However, remarks from President Donald Trump appeared to ease\nsome of the fears.<\/p>\n
The Dow Jones Industrial Average fell 403.51 points or 0.83% to\n48,501.27. The S&P 500 shed 0.94% to 6,816.63, while the Nasdaq\nComposite dropped 1.02% to 22,516.69.<\/p>\n
At one point the S&P 500 slid 2.5% and the Nasdaq fell about\n2.7%. The Dow, which contains 30 blue-chip stocks, even briefly plunged\nmore than 1,200 points or around 2.6% at its intraday low.<\/p>\n
Trump said on Tuesday afternoon that the US Navy would escort any\ntankers passing through the Strait of Hormuz if necessary.<\/p>\n
\u201cWhatever happens, the United States will ensure the free flow of\nENERGY to the ENTIRE WORLD,\u201d he wrote in a Truth Social post. \u201cThe\nECONOMIC and MILITARY STRENGTH of the United States is the GREATEST IN\nTHE WORLD - There will be further actions.\u201d<\/p>\n
Brent crude, the global benchmark, closed up 5.3%, extending its 6%\nrally from Monday. West Texas Intermediate (WTI) also rose from its\nhighs and closed up 4.68%, after previously recording a 6% gain in the\nprevious session. Both had risen more than 9% at one point.<\/p>\n
The early energy price surge that day briefly pushed US Treasury\nyields higher amid fears that higher prices could rekindle inflation,\njust as investors were hoping for a Federal Reserve rate cut to spur the\neconomy. However, yields later pared gains as oil prices cooled.<\/p>\n
Trade worries worsened after an Iranian Revolutionary Guard commander\nsaid the Strait of Hormuz had been closed and Iran would burn vessels\nattempting to pass.<\/p>\n
Trump\u2019s warning that the conflict could last more than four weeks\nalso dampened market sentiment.<\/p>\n
There were signs that the conflict was deepening as it entered its\nfourth day:<\/p>\n
The US Embassy in Riyadh, the Saudi capital, was attacked by a\ndrone as Iran escalated its strikes against the country.<\/p><\/li>\n
The US State Department ordered the evacuation of personnel from\nBahrain, Iraq, and Jordan.<\/p><\/li>\n
Tehran-backed Hezbollah attacked Tel Aviv with missiles and\ndrones.<\/p><\/li>\n
Concerns grew about how long Gulf states such as the United Arab\nEmirates could withstand a barrage of Iranian missiles and drones with\ntheir air defences.<\/p><\/li>\n<\/ul>\n
\u201cI think a longer-lasting mission could weigh on markets for the next\nfew weeks,\u201d said Jeffrey O\u2019Connor, Head of Equity Market Structure at\nLiquidnet, in an interview with CNBC.<\/p>\n
He warned that oil prices could stay elevated and investors would\nhave to contend with movements in inflation, yields, and expectations\nfor a Federal Reserve rate cut.<\/p>\n
\u201cHistorically, US markets have been able to shrug off geopolitical\nshocks like this, but the Strait of Hormuz is currently closed,\u201d he\nadded.<\/p>\n
Every sector in the S&P 500 was in the red on Tuesday.<\/p>\n
Materials and industrials posted the biggest declines amid concerns\nthat higher oil prices and borrowing costs could weigh on the US\neconomy.<\/p>\n
Some large technology shares, such as Nvidia, which led intraday\ngains on Monday, slipped again on Tuesday.<\/p>\n
Memory stocks in the US were also pressured, following a sharp drop\nin the shares of a memory-chip producer in South Korea.<\/p>\n
In addition, Blackstone shares fell 3.8% after the Financial Times\nreported that its private-credit funds recorded net outflows of US$1.7\nbillion in the first quarter.<\/p>\n
There was hardly anywhere for investors to hide on Tuesday, with gold\nprices also retreating after a rise on Monday.<\/p>\n
The CBOE Volatility Index, known as the fear gauge on Wall Street,\nsurged to its highest level since November.<\/p>\n
Indonesia\u2019s financial markets are expected to remain under pressure,\nparticularly from abroad. The Iran conflict and the closure of the\nStrait of Hormuz have heightened global uncertainty.<\/p>\n
Domestically, Lebaran stimulus is expected to act as a positive\ncatalyst today,<\/p>\n
Lebaran Stimulus<\/p>\n
Ahead of Eid al-Fitr 1447 H, the government unveiled a series of\nmeasures to maintain purchasing power and spur growth in Q1 2026.<\/p>\n
The main instrument is the disbursement of the Tunjangan Hari Raya\n(THR) for civil servants and private-sector workers, accompanied by a\nHari Raya Bonus (BHR) for ride-hailing driver partners, plus additional\nstimuli such as transport discounts and food aid.<\/p>\n
For civil servants, THR has been disbursed in phases since 26\nFebruary 2026. The Coordinating Minister for Economic Affairs, Airlangga\nHartarto, said the THR components would be paid in full (100%),\nincluding basic salary, family allowance, food allowance, and job or\nperformance allowances as regulated.<\/p>\n
The government allocated a Rp55 trillion budget, about 10% higher\nthan last year, for 2.4 million central civil servants and the TNI\/Polri\n(Rp22.2 trillion), 4.3 million regional civil servants (Rp20.2\ntrillion), and 3.8 million pensioners (Rp12.7 trillion). It also\nstressed that THR is separate from the mid-year? 13th salary to be paid\nseparately in June 2026.<\/p>\n
In the private sector, Labour Minister Yassierli issued Circular\nLetter No.\u00a0M\/3\/HK.04.00\/3\/2026 obliging companies to pay THR in full\nwith no instalments. Employees with at least one year of service are\nentitled to one month\u2019s wage, while those with less than a year receive\na proportional amount calculated as (length of service \u00f7 12) \u00d7 one\nmonth\u2019s wage. THR must be paid at least seven days before Lebaran.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/china-to-convene-grand-meeting-as-war-heats-up-stimulus-to-save-indonesia-1772582892", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }