IHSG Predicted to Strengthen Tomorrow Due to Trump's Delay in Attacking Iran
Co-founder of Pasardana and capital market practitioner Hans Kwee projects that the Composite Stock Price Index (IHSG) will move higher in trading on Wednesday, 25 March 2026, after the long holiday for Nyepi Day and Eid al-Fitr in 2026.
One of the main sentiments is the latest news from the conflict between the United States (US) and Iran. US President Donald Trump has announced a five-day delay in military attacks on Iran’s power plants and energy facilities.
The opening of the IHSG on Wednesday is overshadowed by potential selling pressure, but the recovery of financial markets following Trump’s delay in attacking Iran’s electricity and energy infrastructure opens opportunities for the IHSG to move in a limited range with support at levels 7,100 to 7,000 and resistance at levels 7,250 to 7,349,” said Hans when contacted by Antara in Jakarta on Tuesday, 24 March 2026.
During the long Eid holiday, Hans explained that global financial markets experienced high volatility due to uncertainty over the war between the US and Israel against Iran. Trump threatened to destroy Iran’s electricity facilities if the Strait of Hormuz was not opened within 48 hours.
In response to that threat, Iran retaliated with threats to destroy energy and oil infrastructure in the Gulf region if its country’s electricity facilities were attacked.
In the end, on Monday, 23 March 2026, Trump said he would delay his military attack on power plants and energy facilities in Iran for five days. Trump’s statement drove gains in the US Wall Street stock exchange and European stock exchanges in trading on Monday, 23 March 2026.
“European Union equity markets strengthened after Trump’s attack delay. The European Union and Asia regions are highly affected by energy prices due to dependence on imports through the Strait of Hormuz,” said Hans.
However, Hans said that Trump’s statement about constructive talks to ease tensions in the Middle East region has been denied by Iran, and Iran has launched new attacks on Israel and several locations in the Middle East.
According to Hans, Iran’s attack on a gas factory in Qatar has the potential to eliminate 17 percent of Liquefied Natural Gas (LNG) export supplies for three to five years in that country.
“This means this war will have a fairly long impact on global oil and gas supplies,” said Hans.
From the monetary policy side, Hans projects that the US central bank, the Fed, will hold its benchmark interest rate steady throughout 2026, or change from expectations of a 50 bps cut throughout the year. “And there is still a chance of a 25 bps increase in December (2026),” said Hans.
Regional Asian exchanges at the close of trading on Tuesday, 24 March 2026, the Nikkei Index strengthened by 804.51 points or 1.56 percent to 52,320.00, the Shanghai Index strengthened by 68.00 points or 1.78 percent to 3,881.28, the Hang Seng Index strengthened by 669.03 points or 2.74 percent to 25,051.50, and the Straits Times Index strengthened by 31.75 points or 0.66 percent to 4,870.32.
Meanwhile, the IHSG closed higher by 84.55 points or 1.20 percent to 7,106.84, at the close of trading on 17 March 2026 or before the long Eid holiday.