IHSG Surges 1.17% Amid Global Market Pressures

The Jakarta Composite Index (IHSG) strengthened by 68.57 points, or 1.17%, to 6,162.47 during trading on Thursday (30/7/2026). By 10:10 WIB, the transaction value on the Indonesia Stock Exchange (BEI) was recorded at IDR 4.28 trillion, with a trading volume of 9.18 billion shares and a transaction frequency of 597.5 thousand times. A total of 481 stocks advanced, 168 declined, and 313 remained unchanged. The IHSG opened higher on Thursday morning, despite a wait-and-see attitude among market players ahead of a series of important global economic agendas this week. Indonesian and global financial markets are facing heavy pressure from a combination of negative geopolitical sentiment, aggressive central bank policy directions, and a surge in energy commodity prices. The conflict in the Middle East escalated sharply after a US gas tanker was hit by a drone in Egypt, followed by mutual missile attacks between Iran, the US military, and Saudi Arabia. This situation has triggered serious concerns about disruptions to global energy supplies. As a direct impact of the heating war, crude oil prices soared significantly—Brent crude jumped 7.9% to US$90.74 per barrel and WTI surged 6.56% to US$84.46 per barrel—risking a new wave of inflation. From the United States, the Federal Reserve decided to hold interest rates in the 3.50-3.75% range, but accompanied by strong hawkish signals and the widest dissent among officials since 2016. The market is also awaiting the release of PCE inflation data and US second-quarter economic growth figures, which are projected to remain robust, reinforcing the likelihood that high interest rates will persist for longer. Meanwhile, the European region is also in focus with the Bank of England (BoE) meeting and the release of Eurozone GDP and inflation data. The technical tightness of global interest rate policy is strengthening risk-off sentiment in international markets.