Breaking News! IHSG Plummets 1%
Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) weakened at the start of morning trading today, Thursday (26/3/2026). At 10:17 WIB, the IHSG dropped 85.81 points or -1.18% to the level of 7,216.31.
338 stocks declined, 318 rose, and 302 remained unchanged. The transaction value reached Rp23.8 trillion, involving 14.76 billion shares in 698,300 transactions.
The IHSG initially opened in positive territory. The index opened up 0.16% or strengthened by 11.54 to the level of 7,313.66. However, it began to experience a correction within five minutes of opening.
Meanwhile, Indonesia’s financial markets from the IHSG to the rupiah collectively strengthened on the first trading day after the long Eid al-Fitr holiday.
Investor optimism emerged alongside hopes of easing global geopolitical tensions after the United States was reported to be preparing a diplomatic proposal to de-escalate the conflict in the Middle East.
However, behind this strengthening, market players are still monitoring developments in the geopolitical conflict, which is the main source of global volatility, awaiting several data releases, and then observing the progress of domestic fiscal tightening plans.
Sentiments that will influence today include developments in the Iran-US conflict up to the latest policies of Indonesian Finance Minister Purbaya Yudhi Sadewa.
The war between Iran and the United States (US) and Israel has now entered its fourth week since the conflict erupted at the end of February 2026.
Amid the ongoing military escalation, signals of diplomacy are beginning to emerge behind the scenes. Reports from several international media indicate that the Trump administration has sent a draft peace proposal to Tehran via Pakistan’s military chief, Field Marshal Syed Asim Munir, who is acting as an indirect communication intermediary between the two parties.
The proposal, known as the “15-Point Proposal,” contains major demands on Iran regarding its nuclear programme and regional policies.
Among them are the dismantling of all of Iran’s military nuclear capabilities, the complete cessation of domestic uranium enrichment activities, and the handover of all enriched uranium stocks to the International Atomic Energy Agency (IAEA).
Oil prices were under pressure in Wednesday’s trading. West Texas Intermediate (WTI) futures contracts fell 2.2% to close at US$90.32 per barrel.
Meanwhile, international Brent also dropped 2.17% to US$102.22. This weakening of oil prices is good news as it could alleviate investor concerns about potential inflation spikes.
From domestically, Finance Minister Purbaya Yudhi Sadewa has opened the possibility of placing government funds in private banks, but with strict conditions. He emphasised that only banks with strong fundamentals or a “healthy kitchen” would be considered.
“Private banks, if they want, we will open it later, the healthy ones. If not, I’ll be in prison again,” said Purbaya during a halal bihalal gathering with reporters on Wednesday (25/3/2026).
On the same occasion, Purbaya revealed that he had added government fund placements to state-owned bank conglomerates (Himbara) and Bank Jakarta by Rp100 trillion. With this addition, the total funds placed reach around Rp300 trillion.
Meanwhile, Asia-Pacific markets moved variably on Thursday after Iran signalled that it does not intend to hold direct talks with the United States, although Tehran is reviewing the US proposal to end the war, according to the Islamic Republic’s foreign minister.
Iranian Foreign Minister Abbas Araghchi said that the exchange of messages between the two countries through a mediator “does not mean Iran is negotiating with the US,” Reuters reported.
Australia’s S&P/ASX 200 index was flat in early trading.
Japan’s Nikkei 225 index rose 0.28%, while the Topix rose 0.43%. South Korea’s Kospi index fell 1.55%, and the Kosdaq index for small-cap stocks was almost unchanged.
Hong Kong’s Hang Seng index futures contract was at 25,268 compared to the last close of the index at 25,335.95.
Oil prices stabilised during Asian trading hours. West Texas Intermediate crude oil futures rose 0.72% to $91 per barrel.
Overnight in the US, the Dow Jones Industrial Average rose 305.43 points, or 0.66%, closing at 46,429.49. The S&P 500 index rose 0.54% to 6,591.90, and the Nasdaq Composite rose 0.77% to 21,929.83.