Indonesia\u2019s composite index IHSG opened weaker by 15 points or 0.21\nper cent at the 7,374 level at Thursday trading on 12 March 2026.<\/p>\n
Fanny Suherman, Head of Retail Research at BNI Securities, predicted\nthat the IHSG would potentially experience correction during today\u2019s\ntrading.<\/p>\n
\u201cThe IHSG has the potential to continue its correction today,\u201d\nSuherman said in her daily research on Thursday, 12 March 2026.<\/p>\n
She noted that Asia-Pacific stock markets moved variably on Wednesday\nas investors continued to assess the widening impact of the conflict\nunfolding in the Middle East.<\/p>\n
Australia\u2019s S&P\/ASX 200 index rose 0.59 per cent, Japan\u2019s Nikkei\n225 index jumped 1.43 per cent, and the Topix index gained 0.94 per\ncent. South Korea\u2019s Kospi index rose 1.40 per cent, whilst the Kosdaq\nindex declined 0.07 per cent. Meanwhile, Hong Kong\u2019s Hang Seng index\nweakened 0.24 per cent and Taiwan\u2019s Taiex surged 4.10 per cent.<\/p>\n
Oil prices surged to nearly US$120 per barrel on Monday amid concerns\nover Iran tensions. However, prices later retreated from their peak as\ntraders believed that a group of nations would deploy emergency crude\noil reserves to mitigate disruptions caused by the conflict.<\/p>\n
\u201cThe IHSG support level is at 7,180-7,300 whilst resistance is in the\nrange of 7,450-7,500,\u201d she said.<\/p>\n
For context, Wall Street indices mostly declined at Wednesday\u2019s\nclose. Downward pressure came from rising oil prices caused by\nescalating US-Iran tensions.<\/p>\n
The Dow Jones Industrial Average fell 0.61 per cent, and the S&P\n500 weakened slightly by 0.08 per cent. Meanwhile, the Nasdaq Composite\nrose 0.08 per cent. West Texas Intermediate (WTI) oil rose more than 4\nper cent to US$87.25 per barrel. Brent Crude surged approximately 4.8\nper cent to US$91.98 per barrel.<\/p>\n
The rise in oil prices occurred despite the International Energy\nAgency announcing plans to release up to 400 million barrels from\nreserves\u2014the largest release in the agency\u2019s history.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ihsg-opens-weaker-amid-correction-concerns-as-global-oil-prices-surge-from-iran-us-conflict-1773284133", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }