Breaking: IHSG Plunges Over 1% After Yesterday's Surge
Jakarta, CNBC Indonesia - The Composite Stock Price Index (IHSG) plummeted more than 1% this morning, on Thursday (9 April 2026). The index dropped 1.2% to the level of 7,191.58, or weakened by 88 points. This correction occurred after the index surged sharply in yesterday’s trading with a rise of more than 4%.
In the first ten minutes of trading, 319 stocks declined, 208 rose, and 188 remained unchanged. The transaction value reached Rp 2.34 trillion, involving 4.54 billion shares in 322,193 transactions.
Market capitalisation also corrected to Rp 12,684 trillion.
The stocks most actively traded by investors with the largest transaction values this morning included BUMI, BBCA, BBRI, BMRI, and DEWA.
Indonesia’s financial markets today are expected to continue the strengthening trend despite being overshadowed by many negative sentiments. Developments in the war that are not as hoped, as well as the FOMC minutes showing a hawkish tone, could pressure stocks and the rupiah.
Meanwhile, Asia-Pacific stock markets opened with mixed movements on Thursday (9 April 2026), amid rising geopolitical tensions between Iran and the United States. This came after Iran’s parliament accused the US of violating the two-week ceasefire agreement previously announced.
Citing CNBC, US President Donald Trump announced a “two-way” ceasefire on Wednesday after more than a month of conflict with Iran. In his statement, Trump said they would halt attacks on Iran for two weeks as a basis for opening negotiation space.
Trump also revealed that his side had received a 10-point proposal from Iran deemed sufficiently viable to serve as a basis for negotiations. However, this agreement depends on Iran’s willingness to reopen the Strait of Hormuz, a vital global energy route.
The Tehran government stated it would halt defensive operations if attacks on its territory were completely stopped. Additionally, Israel is reported to have approved the ceasefire, although the regional situation remains fragile.
Iran’s parliamentary speaker, Mohammad Bagher Ghalibaf, later accused the US of violating the agreement. He cited violations including the denial of Iran’s right to enrich uranium, Israeli attacks in Lebanon, and the entry of drones into Iranian airspace.
In the stock markets, South Korea’s Kospi index fell 0.6% while Kosdaq moved flat. In Japan, the Nikkei 225 rose slightly by 0.12% and Topix strengthened 0.26%, while the S&P/ASX 200 weakened 0.24%.
Meanwhile, global oil prices surged amid high geopolitical uncertainty. The West Texas Intermediate futures contract for May rose 2.3% to US$96.63 per barrel, while the Brent contract for June increased 1.87% to US$96.50 per barrel.
In the US futures market, S&P 500 and Nasdaq 100 contracts each fell 0.1%. Meanwhile, the Dow Jones Industrial Average contract weakened 32 points or less than 0.1%.
In the previous trading on Wall Street, the US stock market surged sharply following the ceasefire announcement. The Dow Jones Industrial Average soared 1,325.46 points or 2.85% to 47,909.92, marking the best daily gain since April 2025.
The S&P 500 rose 2.51% to 6,782.81, while the Nasdaq Composite jumped 2.80% to 22,635.00. This rise occurred after a five-week conflict that had temporarily closed key global energy supply routes began to subside.
Another sentiment drawing investor attention relates to the direction of The Fed’s decisions. Several Federal Reserve officials have begun opening the possibility of interest rate hikes after inflation remains above the 2% target, particularly triggered by the surge in energy prices due to the Middle East conflict, according to the March FOMC meeting minutes.
The Fed adopted a “two-way” approach, signalling that interest rates could rise or fall depending on the inflation trajectory. Although previously leaning towards cuts since 2024, the number of officials considering hikes has now increased compared to January.
The majority of participants assessed that inflation risks are rising, especially if energy prices remain high and push core inflation higher. Long-term inflation expectations are also seen as at risk of rising.