IHSG Bucks the Trend, Rises 1.1% Amid Asia Market Rout

Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) managed to close sharply higher even as Asian bourses fell in unison.

Citing RTI Business, the IHSG closed up 1.10% at 6,175.535 in the second session of trading on Friday (17/7/2026). Transaction value exceeded Rp16.16 trillion, involving 29.04 billion shares traded 2.02 million times.

According to Stockbit data, shares in the financial sector posted the highest gain at 2.34%. This was followed by the cyclical sector at 0.8%, the healthcare sector at 0.67% and the property sector at 0.38%.

Meanwhile, in Asia, Taiwan’s benchmark index led the decline, falling 6.47% to 42,671.27. South Korea’s Kospi index did not move today due to a national holiday.

In China, the Shenzhen index recorded a 5.4% decline to 13,706.88, while the Shanghai index fell 3.05% to 3,764.15 at the close of trading.

Japan’s benchmark Nikkei index closed down 4.03% at 64,141.12, after having earlier plunged by more than 6%.

Hong Kong’s Hang Seng Index (HSI) ended the week’s trading at 24,562.24, down 1.78%.

The sharp declines were inseparable from intensifying selling across Asia-Pacific markets on Friday. According to CNBC, chipmaker shares extended their correction.

The sell-off, led by chip shares and the broader technology sector, also reached Europe in morning trading. By 8.22am in London (3.22am ET), Dutch semiconductor equipment manufacturers ASMI and ASML had fallen 4.6% and 3.8% respectively. STMicroelectronics shares lost 5%, whilst Infineon fell 4.2% and BE Semiconductor shares lost 3.7%.

Despite recent turmoil in artificial intelligence trading, particularly in chips, the S&P 500 remains around 1% below the record high reached in early June.