Breaking News: IHSG Falls Deeper with 1.5% Correction
Jakarta — Indonesia’s composite stock index (IHSG) remained under pressure on Friday, 27 February 2026. As of 09:11 WIB, the IHSG had plummeted 1.5% to 8,114 points.
A total of 507 stocks declined, 124 rose, and 327 remained unchanged. Transaction value reached Rp 2.98 trillion, involving 7.9 billion shares across 397,100 transactions. Market capitalisation continued to move away from the Rp 15 trillion level.
Entering Friday’s trading session, the stock market movement was likely to remain sideways with potential weakness. Correction space opened up following profit-taking activity by market participants on Thursday.
From a technical perspective, Thursday’s IHSG weakness made continued correction signals increasingly evident. This was indicated through the formation of a Bearish Rising Wedge pattern, which represents price increases occurring within increasingly narrowed movement ranges. This condition is often interpreted as a sign of strengthening momentum beginning to lose momentum and at risk of reversing direction.
This pattern emerged after the IHSG plummeted in late January and subsequently recovered gradually. However, the index failed several times to breach the psychological level of 8,400. The failure to strengthen at that level was then followed by wedge formation, which theoretically often ends with downward breakthrough and triggers continued correction.
If this Bearish Rising Wedge scenario is confirmed, the IHSG has potential to test support areas around 7,900 to 7,800, or open room for approximately 4% decline.
Meanwhile, global economic sentiment continues to cast a shadow as the United States tightens its trade barriers once more.
The US Department of Commerce announced on Tuesday the imposition of retaliatory tariffs on solar cells and panels imported into the US from Indonesia, India, and Laos. This step was taken to counter subsidies deemed to support industries in these three countries.
According to Reuters on Thursday, 26 February 2026, the DOC set general subsidy tariffs of 125.87% for imports from India, 104.38% for imports from Indonesia, and 80.67% for imports from Laos.
Based on US government trade data, these three countries accounted for approximately US$4.5 billion in import value, equivalent to Rp 75.73 trillion last year, or approximately two-thirds of total solar product imports throughout 2025.
In addition to general tariffs, the DOC also calculated individual tariffs for several companies. In India, Mundra Solar was imposed 125.87%. From Indonesia, PT Blue Sky Solar was imposed 143.3% and PT REC Solar Energy 85.99%. From Laos, Solarspace Technology Sole Co and Vietnam Sunergy Joint Stock Company were each imposed 80.67%.
In separate developments, Oman’s mediator stated that high-level negotiations between the United States and Iran in Geneva yielded significant progress amid rising tensions in the Middle East on Thursday, 27 February 2026.
Oman’s Foreign Minister Sayyid Badr Albusaidi stated that both parties had completed intensive discussion sessions and successfully built a clearer communication framework, including the exchange of ideas described as constructive to resolve the longstanding nuclear deadlock. Talks will continue to the technical stage in Vienna in the near future.