Jakarta \u2014 Indonesia\u2019s composite stock index (IHSG) at the Indonesia\nStock Exchange (BEI) strengthened on Wednesday as market participants\nmonitored developments in the conflict between the United States, Israel\nand Iran.<\/p>\n
The IHSG opened higher by 43.86 points or 0.59 per cent to 7,484.77.\nMeanwhile, the 45 leading shares index LQ45 rose 3.81 points or 0.50 per\ncent to 763.75.<\/p>\n
\u201cDespite the rebound in the stock market and rupiah strengthening,\nIndonesia\u2019s financial markets are expected to face pressure in today\u2019s\ntrading due to persisting high global uncertainty,\u201d stated Lotus Andalan\nSecurities Research Team in their analysis in Jakarta on Wednesday.<\/p>\n
Regarding developments in the Middle East conflict, market volatility\nwas driven by conflicting information about the security of oil shipping\nroutes through the Strait of Hormuz. Reports initially emerged that the\nUS Navy had successfully escorted a tanker, but this was subsequently\ndenied by the US government itself. Additionally, reports suggested Iran\nhad allegedly placed mines in the Strait of Hormuz, further heightening\ninvestor concerns and continuing to pressure global stock markets.<\/p>\n
Crude oil prices on today\u2019s trading at 09.40 Western Indonesia Time\nshowed WTI crude rising 1.67 per cent to 84.84 US dollars per barrel,\nwhilst Brent crude rose 1.36 per cent to 88.99 US dollars per\nbarrel.<\/p>\n
Market participants are also primarily focused on the release of US\ninflation data, which will determine the direction of the Federal\nReserve\u2019s benchmark interest rate policy at the upcoming FOMC meeting.\nShould inflation exceed expectations, higher interest rates may be\nmaintained longer, potentially strengthening the US dollar and\npressuring stock markets as well as emerging market currencies.<\/p>\n
From a macroeconomic perspective, several Asian regional data points\nindicate improving fundamentals, including Japan\u2019s fourth-quarter 2025\neconomic growth revised upward to 0.3 per cent and China\u2019s substantial\ntrade surplus reaching 213.62 billion US dollars.<\/p>\n
Domestically, market participants are awaiting a press conference by\nFinance Minister Purbaya Yudhi Sadewa on the fiscal situation regarding\nFebruary 2026 state budget developments, as well as accelerated\nselection of Financial Services Authority (OJK) leadership to maintain\nfinancial sector stability amid global turbulence.<\/p>\n
Meanwhile, Bank Indonesia reported the January 2026 Real Sales Index\ngrew 5.7 per cent year-on-year.<\/p>\n
On Tuesday (10 March), European stock exchanges strengthened across\nthe board, including the Euro Stoxx 50 rising 2.73 per cent, the British\nFTSE 100 index rising 1.59 per cent, the German DAX index rising 2.39\nper cent, and the CAC index rising 1.79 per cent.<\/p>\n
Meanwhile, Wall Street stock exchanges weakened on Tuesday (10\nMarch), with the Nasdaq Composite index falling 0.04 per cent to\n24,856.47, the S&P 500 index declining 0.21 per cent to 6,781.48,\nand the Dow Jones index weakening 0.07 per cent to 47,706.51.<\/p>\n
Asian regional stock exchanges this morning showed mixed results. The\nNikkei index rose 1,139.40 points or 2.10 per cent to 55,387.80, the\nHang Seng index rose 54.73 points or 0.21 per cent to 26,014.63, the\nShanghai index rose 3.47 points or 0.08 per cent to 4,126.62, whilst the\nStrait Times index fell 9.70 points or 0.20 per cent to 4,850.93.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ihsg-strengthens-amid-market-scrutiny-of-us-iran-conflict-developments-1773201252", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }