IHSG Opens Higher as Wall Street Rebounds, Asian Markets Fall on Middle East Geopolitics
Jakarta – The Jakarta Composite Index (IHSG) opened up 30 points, or 0.50 per cent, at 6,207 at the start of trading on Monday, 22 June 2026.
Senior Analyst of Retail Research at BNI Sekuritas, Kevin Juido Hutabarat, predicted the IHSG would likely move sideways with a downward bias during the day’s trading. “We predict the IHSG today will be sideways, tending to weaken,” Kevin stated in his daily research note on Monday.
He noted that the majority of Asian markets fell last Friday, driven by easing tensions in the Middle East after shipping lanes in the Strait of Hormuz were reopened. On the other hand, the US dollar strengthened significantly following the hawkish stance of The Fed, leading to expectations of further interest rate hikes this year.
Japan’s Nikkei 225 index rose 0.28 per cent, while the Topix fell 0.57 per cent. In South Korea, the KOSPI index weakened by 0.13 per cent and the KOSDAQ plunged 3.43 per cent. Australia’s ASX 200 decreased by 0.93 per cent. Several stock markets were closed for a national holiday, including those in China, Hong Kong, and Taiwan.
“IHSG support is at the 6,117–6,080 level, while IHSG resistance is in the 6,209–6,245 range,” he added.
For context, Wall Street indices rebounded in trading at the end of last week, after the previous session was pressured by signals from The Fed that opened the possibility of interest rate hikes this year. The rally was led by technology and semiconductor stocks.
The Wall Street rebound occurred after a sell-off in the prior session triggered by the results of The Fed’s policy meeting under the leadership of Kevin Warsh. Nevertheless, investors appeared to begin focusing on a number of economic data points that still showed the resilience of the US economy.
The Nasdaq Composite surged 1.91 per cent, the S&P 500 jumped 1.08 per cent, and the Dow Jones Industrial Average edged up 0.14 per cent. Meanwhile, chipmaker stocks were the main driver of the market rally.