Composite Index Falls 3.27 Per Cent as BEI Highlights Global Uncertainty Impacts

The Composite Index (IHSG) closed weaker at 3.27 per cent, reaching 7,337 during Monday trading (9 March 2026), amid ongoing conflict in the Middle East. In response, PT Indonesia Stock Exchange (BEI) compared current conditions with the IHSG situation last year following the implementation of US tariffs, which it considered more severe.

“Looking at it, external factors currently happening are certainly creating very high uncertainty. Not only in our market, but also in the global market,” said Acting Director-General of PT BEI Jeffrey Hendrik after attending the launch of IDX Mobile Sharia at BEI headquarters in Jakarta, Monday (9 March 2026).

Nevertheless, the volatility experienced by Indonesia’s capital market is considered sufficiently stable compared to the turbulence that occurred last year. Specifically, after the US Government imposed reciprocal tariffs on countries causing US trade deficits on 2 April 2025, the IHSG experienced a severe decline touching the 6,000 level.

“If we compare with the phenomenon that occurred last year in April, where the US also implemented an unanticipated policy, it also resulted in very sharp market declines. And at that time what we experienced was worse in the market context than today,” he stated.

“Therefore, the infrastructure systems and regulations at our exchange are already prepared to handle the current market dynamics,” he added.