IHSG Opens Stronger with Potential to Rebound Like Wall Street as Asian Exchanges Weaken

Indonesia’s composite index (IHSG) opened 1.72 per cent stronger at 7,463 during Tuesday trading on 10 March 2026.

Head of Retail Research at BNI Securities, Fanny Suherman, predicted the IHSG could rebound during today’s trading.

“The IHSG has potential to rebound to 7,500, but be cautious as it remains vulnerable to further correction,” Fanny said in her daily research note on Tuesday, 10 March 2026.

She noted that Asian exchanges weakened uniformly on Monday’s trading. Japan’s Nikkei 225 index fell 5.2 per cent, Hong Kong’s Hang Seng declined 1.4 per cent, and Taiwan’s Taiex dropped 4.4 per cent.

Meanwhile, South Korea’s Kospi index plummeted 6 per cent and Australia’s ASX 200 fell 3 per cent. On the other side, Singapore’s FTSE Straits Times weakened 1.9 per cent and Malaysia’s FTSE Bursa KLCI declined 2.6 per cent.

The significant declines, with the Nikkei 225 and Kospi falling more than 5 per cent during that session, led regional selling pressure that broadened as oil prices breached US$105 per barrel.

Meanwhile, SoftBank Group Corp shares gained 8.2 per cent. However, chip-related stocks such as Advantest and Lasertec each fell more than 11 per cent and 9 per cent respectively.

South Korean technology giant Samsung Electronics shares plunged 7.8 per cent, whilst chip manufacturer SK Hynix experienced larger losses of 9.5 per cent.

Additionally, Brent crude oil surged to US$100.82 per barrel, whilst West Texas Intermediate crude jumped to US$102.70 per barrel. The increases occurred after major Middle Eastern oil producers including Kuwait, Iran, and the United Arab Emirates cut oil production following the closure of the Strait of Hormuz.

“IHSG support sits at the 7,200-7,300 level whilst IHSG resistance is in the 7,400-7,500 range,” she said.

For context, Wall Street indices reversed gains at Monday’s close after United States President Donald Trump signalled that conflict with Iran could be ending soon. The S&P 500 rose 0.83 per cent, the Dow Jones Industrial Average gained 0.5 per cent, and the Nasdaq Composite surged 1.38 per cent.

Market sentiment improved after Trump said in an interview with CBS News that conflict with Iran was nearly concluded. “This war is essentially very much over,” Trump said, adding that Iran’s current military strength, including its navy, communications, and air force, had become significantly weakened.