IHSG Opens Stronger but Faces Potential Correction as Wall Street Hits All-Time Highs

The Indonesia Composite Index (IHSG) opened stronger, rising 11 points or 0.19 per cent to the 6,207 level at the start of trading on Wednesday, 3 June 2026. Fanny Suherman, Head of Retail Research at BNI Sekuritas, predicted that the IHSG could potentially undergo a correction during today’s session.

According to his daily research report, Asian stock markets showed mixed performance during Tuesday’s trading, as uncertainty regarding the Middle East conflict offset positive sentiment from the artificial intelligence (AI) sector. In Japan, the Nikkei 225 index fell 0.3 per cent, and the Topix weakened by 0.4 per cent. In South Korea, the Kospi index rose 0.15 per cent, while the Kosdaq corrected by 2.3 per cent. Meanwhile, Hong Kong’s Hang Seng increased by 2.5 per cent, China’s CSI 300 rose by 1.5 per cent, Taiwan’s Taiex strengthened by 0.5 per cent, and Australia’s ASX 200 decreased by 0.06 per cent.

On the commodities front, Brent crude oil prices remained stable at approximately US$96 per barrel, following Lebanon’s announcement of a partial ceasefire between Hezbollah and Israel. This move is viewed as potentially opening opportunities for new diplomatic efforts to end the three-month conflict involving the US and Iran.

Suherman noted that support for the IHSG is positioned at the 6,000-6,100 level, while resistance lies within the 6,200-6,300 range.

Notably, Wall Street indices continued to hit all-time highs on Tuesday. The S&P 500 rose 0.13 per cent to 7,609.78, the Dow Jones Industrial Average gained 0.45 per cent, and the Nasdaq Composite edged up by 0.03 per cent. This Wall Street rally occurred amidst mixed movements in technology stocks; Alphabet shares fell nearly 4 per cent after the Google parent company announced plans to raise US$80 billion through share sales to bolster its artificial intelligence development.