Breaking News! IHSG Surges, Opens Up 1.4% Straight Away
Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) opened up 1.4% or 105.19 points to the level of 7,605.38 this morning, Tuesday (14/4/2026).
A total of 425 stocks rose, 73 fell, and 461 remained unchanged. The value of transactions this morning reached Rp 662.6 billion, involving 923.7 million shares in 80,560 transactions. Market capitalisation also rose to Rp 13,515 trillion.
Meanwhile, today’s movements in global financial markets and commodities were coloured by various releases of major macroeconomic data from the Asian region, such as China’s Trade Balance and US PPI, as well as the still-heating geopolitical dynamics due to the failure to find a middle ground in negotiations over the Iran-US war.
The United States military began implementing a blockade against ships leaving Iranian ports on Monday, while Tehran threatened retaliation against the ports of its neighbouring countries in the Gulf region after weekend talks in Islamabad to end the war failed.
A US official said communications with Iran are still ongoing, and there is progress in efforts to reach an agreement. Pakistan’s Prime Minister Shehbaz Sharif also stated that efforts to resolve the conflict are still underway.
However, oil prices have risen again, breaking through US$100 per barrel, with no signs of a quick reopening of the Strait of Hormuz to ease the largest supply disruption ever, along with growing concerns over the resilience of the two-week ceasefire achieved last week.
Trump said Iran contacted the US on Monday and wants to reach an agreement, but he will not approve any deal that allows Tehran to have nuclear weapons.
“Iran will not have nuclear weapons. We cannot allow a country to blackmail or threaten the world,” Trump said, quoted from Reuters.
Since the United States and Israel started the war on 28 February, Iran has effectively closed the Strait of Hormuz to all ships except its own, stating that shipping is only permitted under Iranian control and with the payment of certain fees.
Trump said Washington will block Iranian ships and any ships that pay those fees, and Iran’s “fast attack” boats approaching the blockade will be destroyed.
Brigadier General Reza Talaei-Nik, spokesman for Iran’s Ministry of Defence, warned that foreign military efforts to monitor the strait would exacerbate the crisis and instability in global energy security.
NATO allies including the UK and France said they would not be drawn into the conflict by participating in the blockade. Instead, they emphasised the importance of reopening the sea route, which normally carries about one-fifth of the world’s oil supply.
The escalation of the conflict between the United States, Israel, and Iran is putting pressure on the global economy, which is spilling over into Indonesia through three main channels.
First is the financial channel, where uncertainty triggers risk-off sentiment. Foreign capital is moving out of emerging markets towards safe-haven assets in the US, which automatically strengthens the dollar index (DXY) and pressures the rupiah exchange rate.
Second is the commodities channel; potential shipping disruptions in the Strait of Hormuz are raising global crude oil prices. However, this provides indirect compensation for Indonesia through rises in prices of key export commodities such as coal, CPO, nickel, and gold.
Third is the trade channel; disruptions to supply chains and maritime logistics could trigger global stagflation, a condition of slowing economic growth accompanied by a surge in inflation.
Amid these pressures, domestic economic fundamentals are assessed to remain solid. Inflation, which spiked at the start of the year due to the low base effect from the removal of electricity subsidies, is now easing and is within Bank Indonesia’s target of 2.5% ± 1%.
The government’s decision not to raise prices of subsidised fuels is also seen as crucial to maintaining purchasing power while stabilising the rupiah. With production indicators still expansive, Q1 2026 economic growth is expected to reach 5.2%.
As a mitigation response, Bank Indonesia is preparing 24-hour market monitoring by optimising its representative offices in London and New York, as well as conducting measured liquidity interventions in the spot market, global Non-Deliverable Forward (NDF), and Domestic NDF (DNDF).