IHSG Plummets as Oil Prices Spike – Stock Exchange Chief Responds

Indonesia’s stock exchange (BEI) responded to the volatility in the movement of the Composite Stock Price Index (IHSG) that occurred since the opening of trading on Monday, 9 March. The IHSG collapsed, touching its lowest level of minus 5.2% at 7,156 points. Meanwhile, global crude oil prices surged sharply to nearly USD 110 per barrel during the week’s trading. This surge was triggered by the continued closure of shipping routes through the Strait of Hormuz due to the ongoing conflict between Iran and Israel involving the United States.

Further details are available in the CNBC Indonesia Evening Up programme (Monday, 9 March 2026).