IHSG Rises Amid Correction as Asian Markets Slide and Wall Street Rises

Jakarta, VIVA — The IHSG opened up 55 points or 0.74 per cent at 7,632 at the opening of trading on Thursday, 5 March 2026. Fanny Suherman, Head of Retail Research at BNI Sekuritas, predicted that the IHSG could strengthen during the session. ‘The IHSG could rise to 7,700, but remains vulnerable to a correction as long as it does not close above 7,720,’ she said in her daily research on Thursday, 5 March 2026. She said that on Wednesday the South Korean stock market fell sharply. The Kospi fell 12.06 per cent, and Kosdaq weakened 14 per cent amid the escalating Middle East conflict. Investors in the region will also monitor the annual policy meetings of Chinese policymakers, which would begin that day as well. The meetings dubbed ‘The Two Sessions’ consist of the Chinese Consultative Conference which would begin that day, and the National People’s Congress scheduled to open on Thursday. Chinese Premier Li Qiang will announce a series of economic targets at the National People’s Congress, most of which were decided at the December meeting. Meanwhile, the S&P/ASX 200 in Australia fell 1.94 per cent, Taiwan’s Taiex weakened 4.35 per cent, and Hong Kong’s Hang Seng declined 2.01 per cent. In Japan, the Nikkei 225 and the Topix also declined, by more than 3 per cent each. ‘IHSG support is at the 7,400-7,470 level, while the resistance IHSG is in the 7,700-7,720 range,’ he said. For information, Wall Street indices closed higher on Wednesday. Investors began to dismiss concerns about the Iran vs US-Israel war, after the oil price rally cooled and economic data showed growth resilience. The Dow Jones Industrial Average rose 0.49 per cent, the S&P 500 gained 0.78 per cent, and the Nasdaq Composite surged 1.29 per cent. Technology shares were the major drivers of market gains, particularly the semiconductor sector.