IHSG Opens Stronger amid Asian Bourses Rebound and Oil Price Decline
Jakarta – The Indonesia Stock Exchange (IHSG) opened stronger by 43 points, or 0.59%, at level 7,484 at the opening of trading on Wednesday, 11 March 2026.
Fanny Suherman, Head of Retail Research at BNI Securities, predicted the IHSG could face correction during trading that day.
“The IHSG has the potential to correct again today,” said Fanny in her daily research note on Wednesday, 11 March 2026.
She noted that Asian bourses staged a rebound on Tuesday trading. Japan’s Nikkei 225 Index strengthened 2.9% and the Topix rose 2.5%.
In line with this, the Hang Seng Index rose 2.2%, Taiwan’s Taiex Index gained 2.1%, South Korea’s Kospi surged 5.4%, and Australia’s ASX 200 strengthened 1.1%. Meanwhile, Singapore’s FTSE Straits Times rose 2.2% and Malaysia’s FTSE Kuala Lumpur Composite Index increased 1.6%.
The strengthening of Asian bourses, with South Korea’s Kospi Index leading the regional recovery, followed a decline in oil prices and Wall Street’s recovery after US President Donald Trump signalled that the conflict with Iran may be coming to an end soon.
Oil prices fell after Trump said he was considering taking control of the Strait of Hormuz, the world’s most critical chokepoint for crude oil markets.
Trump also told a CBS News reporter, whose comments were shared in a post on X, that “this war is very much complete, almost.”
“IHSG support is positioned at the 7,300–7,380 level, whilst IHSG resistance is in the 7,500–7,560 range,” she said.
For reference, Wall Street share indices closed mixed on Tuesday trading, as market participants remained wait-and-see on developments in the Iran conflict amid declining oil prices.
The S&P 500 Index corrected 0.21%, the Dow Jones Industrial Average fell slightly by 0.07%, whilst the Nasdaq Composite rose marginally by 0.01%. Pressure on oil prices intensified further after US Energy Minister Chris Wright stated on social media that the US Navy had successfully escorted a tanker through the Strait of Hormuz.