Global Markets Green, IHSG Joins the Surge

REPUBLIKA.CO.ID, JAKARTA — The Composite Stock Price Index (IHSG) opened stronger in Friday’s trading (10/4/2026) morning, following positive sentiments from Asian and global markets. This strengthening occurred amid easing geopolitical tensions and expectations of global economic data. IHSG rose 38.90 points or 0.53% to 7,346.49. Meanwhile, the LQ45 index also strengthened by 3.83 points or 0.52% to 737.73. Phintraco Sekuritas Research Head Ratna Lim stated that the IHSG still has the potential to continue strengthening in the short term. “The IHSG is expected to move tendentially stronger, testing the 7,350 level,” said Ratna in her analysis in Jakarta on Friday. Global sentiment was driven by the latest developments in the Middle East. Israel is reportedly set to open negotiations with Lebanon, which eases one point of conflict in the ceasefire between the United States and Iran. Nevertheless, US President Donald Trump stated that US forces will remain in the Gulf region until the agreement is truly realised. On the global economic front, market participants are monitoring the US PCE inflation, which rose 0.4% monthly and 3% annually in February 2026. This figure remains above the US central bank’s 2% target, reflecting high inflationary pressures even before the energy price increases due to conflicts. The market is also awaiting the release of March 2026 US CPI inflation data, scheduled for Friday (10/4), as an indicator for the direction of The Fed’s interest rate policy. Domestically, sentiment is tempered after the World Bank cut its projection for Indonesia’s economic growth to 4.7% in 2026, lower than the 5.4% APBN target. This revision reflects the impact of rising global energy prices due to geopolitical conflicts. In the previous trading session, European markets closed weaker. The Euro Stoxx 50 fell 0.34%, Germany’s DAX weakened 1.14%, and France’s CAC 40 dropped 0.02%. In contrast, Wall Street in the US strengthened, with the Dow Jones up 0.58%, S&P 500 up 0.62%, and Nasdaq up 0.83%. Meanwhile, Asian markets moved higher on Friday morning. The Nikkei index strengthened 1.38%, Shanghai rose 0.93%, Hang Seng gained 0.86%, Kuala Lumpur rose 0.19%, and the Straits Times strengthened 0.21%.