Breaking: IHSG Opens Down 0.8%

Jakarta — The Jakarta Composite Index (IHSG) opened down 0.8% or 61.76 points at 7,648.78 on Friday, 6 March 2026. Within minutes, the IHSG trimmed its losses to 0.4%. A total of 154 stocks rose, 280 fell, and 524 were unmoved. Turnover reached Rp 383.5 billion, involving 943.8 million shares across 65,180 transactions. Market capitalisation also eroded to Rp 13,616 trillion. The Indonesian financial markets are expected to remain under heavy pressure. The intensifying US-Israel-Iran tensions, a rise in oil prices and China’s latest growth projections are negative factors for today’s sentiment. Crude oil prices surged to their highest since July 2024, as tensions with Iran disrupted energy supplies. Refinitiv data put Brent crude at US$84 per barrel, up almost 4%, while WTI rose to US$81.01 per barrel, up 8.5%. These levels are the highest since July 2024 or 2 years 8 months. Tanker traffic in the Strait of Hormuz remains largely halted, while Iran claims to have struck a tanker with a missile. Adding to the pressure, the Chinese government has ordered large refineries to halt diesel and gasoline exports. In Asia, markets opened weaker on Friday, following Wall Street. South Korea’s Kospi fell 0.87%, after posting its best day since 2008 in the previous session, while the Kosdaq – the smaller-capitalisation index – extended gains to 2.45%. Japan’s Nikkei 225 declined 0.24% and the Topix fell 0.42%. Australia’s S&P/ASX 200 slipped 1.09% at the start of trade, led by basic materials stocks. Hang Seng futures in Hong Kong stood at 25,037, lower than the previous close of 25,321.34.