IHSG Opens 1.94 Per Cent Lower Following Widespread Weakness in Asian and Wall Street Markets
The IHSG opened 108 points or 1.94 per cent lower at the 5,486 level at the start of trading on Monday, 8 June 2026. Fanny Suherman, Head of Retail Research at BNI Sekuritas, predicted that the IHSG has the potential to rebound during today’s session. “The IHSG could potentially test support at the 5,450-5,500 level, and if it remains strong at that support, a rebound is possible,” Suherman stated in his daily research.
Asian markets were uniformly weak during Friday’s trading session. Japan’s Nikkei 225 fell 1.31 per cent, while the Topix declined slightly by 0.07 per cent. Similarly, Hong Kong’s Hang Seng weakened by 1.15 per cent, Taiwan’s Taiex dropped 1.33 per.and Australia’s ASX 200 corrected by 0.70 per cent. In South Korea, the Kospi and Kosdaq indices led the regional decline, plunging by 5.54 per cent and 4.51 per cent respectively. Meanwhile, the FTSE Straits Times weakened by 0.35 per cent, whereas the FTSE Malay KLCI managed to gain 0.60 per cent.
The decline in South Korea was driven by the downturn in Wall Street’s technology stocks, with major players Samsung and SK Hynix dropping by 13.9 per cent and 9.9 per cent respectively. Suherman noted that the IHSG support level lies between 5,450-5,500, while resistance is expected in the 5,680-5,800 range.
Wall Street indices closed significantly lower last Friday following massive sell-offs in semiconductor and technology stocks. The Nasdaq Composite fell 4.18 per cent, the S&P 500 weakened by 2.64 per cent, and the Dow Jones Industrial Average decreased by 1.35 per cent. Among individual stocks, Broadcom fell nearly 8 per cent, Marvell Technology dropped by more than 16 per cent, while Intel and Advanced Micro Devices (AMD) both declined by approximately 11 per cent.