IHSG Opens Plunging to 5,799; Wall Street Strengthens as Asian Markets Fall
The IHSG opened down 39 points, or 0.68 percent, at the 5,799 level at the start of trading on Friday, 5 June 2026. Head of Retail Research at BNI Sekuritas, Fanny Suherman, forecast that the IHSG has the potential to rebound in today’s trading. “The IHSG has the potential for a short-term technical rebound today,” said Fanny in her daily research note.
She noted that Asian markets fell uniformly during Thursday’s trading. Japan’s Nikkei 225 index dropped 1.36 percent, Hong Kong’s Hang Seng weakened 1.48 percent, and Taiwan’s Taiex fell 1.68 percent. South Korea’s Kospi index corrected by 1.84 percent, and Australia’s ASX 200 index declined by 1.13 percent. Meanwhile, South Korea’s Kosdaq strengthened 2.31 percent and the FTSE Malay KLCI rose 0.63 percent.
The weakening in Asia-Pacific markets followed a decline on Wall Street, as tensions between Iran and the US kept oil prices high, sparking concerns about energy and inflation. Furthermore, the Middle East heated up again after Kuwait International Airport was struck by Iran on Wednesday morning, 3 June 2026, a day after US Central Command stated it had defeated several Iranian ballistic missiles and drones and launched “self-defence strikes” on Qeshm Island in the Persian Gulf.
“IHSG support lies at the 5,600-5,700 level, while resistance is in the 5,900-5,930 range,” she stated. For context, the majority of Wall Street stock indices closed higher during Thursday’s trading. The DJIA even recorded an all-time high amid a rotation by investors out of technology and artificial intelligence (AI) stocks into non-technology sectors. The Dow Jones index surged 1.73 percent, and the S&P 500 strengthened 0.41 percent. The Nasdaq Composite, however, edged down 0.09 percent. The Dow’s rise was led by UnitedHealth shares, which climbed more than 5 percent. JPMorgan Chase shares strengthened around 3 percent, and Walmart rose nearly 1 percent. Additionally, Costco shares increased roughly 1 percent, and Eli Lilly surged more than 4 percent.