Indonesia\u2019s Composite Stock Price Index (IHSG) on the Indonesia Stock\nExchange opened stronger on Tuesday, 10 March 2026, following global\nmarket movements, driven by easing geopolitical tensions following US\nPresident Donald Trump\u2019s statement regarding the conflict with Iran. The\nIHSG opened up 105.68 points or 1.44 per cent to 7,443.05. Meanwhile,\nthe LQ45 index, comprising 45 leading shares, also strengthened by 9.98\npoints or 1.33 per cent to 760.56.<\/p>\n
Liza Camelia Suryanata, Head of Research at Kiwoom Sekuritas\nIndonesia, said market sentiment improved following Trump\u2019s statement\nindicating military operations against Iran were nearly complete.<\/p>\n
\u201cThat statement reduced the geopolitical risk premium and triggered\nshort covering and bargain-hunting in the stock market,\u201d said Liza in\nher research note in Jakarta.<\/p>\n
Trump previously stated that military operations against Iran had\nprogressed \u201cvery complete\u201d and the conflict was unfolding faster than\ninitial estimates of four to five weeks.<\/p>\n
The global stock market strengthening was also driven by falling\nworld oil prices, which had previously approached $120 per barrel but\nsubsequently declined to around $90 per barrel. The oil price decline\nfollowed reports that G7 countries were discussing the possibility of\nreleasing strategic oil reserves to boost global supply.<\/p>\n
During morning trading at 09.20 Western Indonesia Time, West Texas\nIntermediate (WTI) crude oil prices fell 9.99 per cent to $85.30 per\nbarrel, whilst Brent crude fell 10.40 per cent to $88.67 per barrel.<\/p>\n
Additionally, the United States granted a temporary 30-day exemption\nallowing the sale of stranded Russian oil at sea to India. The US\ngovernment is also considering releasing oil from the Strategic\nPetroleum Reserve, which currently holds approximately 415 million\nbarrels.<\/p>\n
Although market sentiment is improving, Liza expects volatility to\nremain elevated as the market monitors two major risks. The first risk\nis potential energy supply disruption from the Strait of Hormuz, a\nstrategic channel through which approximately 20 per cent of world oil\ntrade flows. The second risk is the possibility of stagflation,\nfollowing last week\u2019s US employment data showing signs of weakness.<\/p>\n
The market currently estimates approximately a 77 per cent\nprobability of a Federal Reserve rate cut in July, based on Fed Funds\nFutures indicators, with a full rate cut cycle projected for\nSeptember.<\/p>\n
Several countries have begun taking steps to mitigate the impact of\nenergy price spikes. China is limiting domestic fuel prices, South Korea\nis considering similar policies for the first time in nearly 30 years,\nwhilst Japan is preparing for possible strategic oil reserve releases\nand emergency government fund allocations.<\/p>\n
Pakistan has closed schools for two weeks and is promoting\nwork-from-home policies to reduce fuel consumption. Hungary has\nimplemented fuel price caps and urged the European Union to suspend\nenergy sanctions against Russia.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ihsg-today-10-march-2026-strengthening-as-middle-east-conflict-eases-1773114864", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }