Breaking News! IDX Composite Opens Surging 1.53%
The Indonesia Composite Index (IHSG) opened stronger in today’s trading, Tuesday (9/6/2026), attempting to rebound following the selling pressure that has hit the market recently. Based on trading data at approximately 09:00 WIB, the IHSG surged 1.53%, or rose 81.66 points to the 5,423.80 position. The index opened at 5,344.69, higher than the previous close of 5,342.14.
At the start of the session, the index’s strengthening was accompanied by significant transaction activity. Trading volume reached approximately 1.02 billion shares with a transaction value of Rp986.5 billion and a trading frequency of 68,740 times.
Meanwhile, the Indonesian financial market continues to face several global and domestic warning signs. As previously reported, Iran and Israel stated on Monday that they had ceased attacks after US President Donald Trump urged both parties to immediately halt the exchange of fire. However, Tehran warned it would attack again if Israel continues to strike Hezbollah in Lebanon. In the last 24 hours, both nations engaged in the largest direct attacks since the April ceasefire. Iran launched missiles at Israel in retaliation for Israeli strikes on Hezbollah bases in Beirut, while Israel targeted Iranian petrochemical facilities allegedly linked to ballistic missile programmes. Tensions briefly drove oil prices up by 5%, though the increase subsided after Iran announced its military operations had ceased.
Domestically, Bank Indonesia recorded a contraction in the country’s foreign exchange reserves to $144.9 billion at the end of May 2026. This represents a decrease of US$1.3 billion compared to April 2026, which stood at $146.2 billion. This level is the lowest since July 2024. The decline was dominated by the government’s foreign debt repayment obligations, the issuance of global bonds, and tax-related transactions. These funds were also heavily utilised as a central bank intervention tool to maintain the stability of the Rupiah amidst intense global financial market pressure and domestic foreign exchange needs. Despite the contraction, the May reserve position is considered strong, as the nominal scale is sufficient to cover 5.6 months of imports, well above the international safety benchmark of 3 months.
Furthermore, the 10-year sovereign bond (SBN) yield has begun to surge, reaching 7.313%. This is the highest level since November 2022, or more than three years ago. The spike in yields indicates that investors are demanding higher compensation to hold government debt. This condition typically occurs when bond prices fall due to investor selling. Rising yields can be triggered by various factors, ranging from foreign capital outflows and a weakening Rupiah to increased global risks and expectations of higher interest rates. For the market, surging yields serve as a signal for caution, as they have the potential to increase government borrowing costs, pressure the Rupiah, and affect sentiment in the stock market. The sharp rise in SBN yields reflects an increased perception of risk regarding Indonesian assets.