The correction of the Indonesia Composite Index (IHSG) deepened\nduring the second session today, Thursday (10\/09\/2026). After initially\nstrengthening and breaking through the 6,700 level, the index reversed\ncourse to hit a low of 6,590.79, representing a decline of more than\n1.2% at approximately 14:30 WIB.<\/p>\n
Most listed companies faced pressure, with 524 stocks in the red\nzone. Only 160 remained in the green, while 279 stocks remained\nunchanged. The market was characterised by heavy selling pressure, with\ntransaction value reaching Rp 16.53 trillion, involving 33.84 billion\nshares across 2.14 million transactions.<\/p>\n
According to Refinitiv, the healthcare sector saw the deepest decline\nat 2.27%. This was followed by energy at -1.81%, property at -1.55%,\nfinancials at -1.34%, and industrials at -1.32%. Only the utilities\nsector remained in the green with a 0.14% increase.<\/p>\n
Several large-cap stocks acted as the primary drags on the IHSG. BBRI\ncontributed 15.52 points, followed by BBCA with 9.39 points, Bayan\nResources (BYAN) with 9.97 points, Dian Swastatika Sentosa (DSSA) with\n5.02 points, Amman Mineral (AMMN) with 4.03 points, and Bank Mandiri\n(BMRI) with 3.47 points.<\/p>\n
At least two global sentiments acted as \u2018ghosts\u2019 for the IHSG today:\nthe rising price of oil due to escalating Iran-US conflict and the surge\nin US Treasury yields. The combination of rising Treasury yields and oil\nprices creates an unfavourable environment for the stock market. High\nyields increase pressure on stock valuations, while the spike in oil\nprices reintroduces inflation risks and may limit the room for central\nbanks to ease monetary policy.<\/p>\n
Furthermore, the United States is facing increasingly concerning debt\nissues. US federal government debt has officially surpassed US$40\ntrillion, setting a new record and serving as a warning regarding the\nnation\u2019s growing fiscal burden. One impact is already visible in the\nbond market. The US Treasury is preparing a debt buyback of up to US$6\nbillion to maintain bond market liquidity. This amount is three times\nthe normal operation, with the initial transactions targeting 10-year\nand 20-year Treasuries.<\/p>\n
However, this policy was met with a negative market response. The\n10-year Treasury yield rose to 4.84%, while the 20-year yield reached\n5.314% and the 30-year yield breached 5.3%. The 10-year Treasury yield\nposition is the highest since October 2023. This rise in yields is a\nconcern for investors as it increases the attractiveness of US\ndollar-denominated assets while pressuring the valuation of risky\nassets, including stocks in emerging markets like Indonesia. Investor\nStanley Druckenmiller warned that the more the government attempts to\nmaintain bond prices, the larger the operations required to face market\npressure.<\/p>\n
Meanwhile, the conflict between Iran and the US has intensified. Iran\nclaims to have attacked 10 ships around the Strait of Hormuz after the\nUS destroyed five Iranian oil tankers. This escalation immediately shook\nthe energy market. Brent crude prices broke above US$100 per barrel for\nthe first time since July. Brent subsequently closed at US$101.21 per\nbarrel, a 3.4% surge, while West Texas Intermediate (WTI) rose 1% to\nUS$97.06 per barrel.<\/p>\n
This rise in oil prices has persisted for four consecutive days. The\ncondition heightens market concerns regarding global inflation, as\nrising energy costs can once again drive up production and\ntransportation costs. The rise in energy prices is even being felt by\nconsumers, with diesel prices in the US hitting a new record above\nUS$5.94 per gallon.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/idx-composite-suddenly-drops-1-this-afternoon-driven-by-two-global-pressures-1789030833", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }