IHSG Today 2 March 2026: Weakens Amid Iran-US Conflict
A brutal and deadly military attack from Israel and the United States against Iran on Saturday (28 February) sent shockwaves through global markets.
Indonesia’s Composite Stock Index (IHSG) at the Indonesia Stock Exchange (IDX) opened weaker on Monday (2 March) morning, pressured by declines across Asian stock markets triggered by escalating conflict between Iran, the United States and Israel. The IHSG fell 23.95 points or 0.29 per cent to 8,211.31. Meanwhile, the benchmark LQ45 index also weakened by 2.99 points or 0.36 per cent to 834.90.
Liza Camelia Suryanata, Head of Research at Kiwoom Securities Indonesia, advised investors to adopt a more cautious stance given current market conditions.
“Kiwoom Research recommends reducing portfolio positions and adopting a wait-and-see approach for the time being,” said Liza in Jakarta on Monday.
According to her, the Middle East conflict is the primary factor influencing the IHSG’s movement today. Liza explained that the energy sector and precious metals tend to be preferred defensive choices amid uncertainty, whilst global equities and risk assets face potential high volatility in the coming weeks.
“The primary investor focus points are the duration and escalation level of the conflict, Strait of Hormuz stability, and the direction of oil prices above US$90-US$100 per barrel,” she said.
Nevertheless, drawing lessons from the 2022 Russia-Ukraine conflict, Indonesia’s commodity-based market is assessed as having potential to benefit from rising global commodity prices.
Market pressure is also evident across Asia, where numerous stock exchanges experienced declines. Kuwait’s bourse even temporarily halted trading, whilst the United Arab Emirates closed its stock market on Monday and Tuesday following Iran’s attacks.
From Europe, the European Union called for maximum restraint, protection of civilians, and respect for international law to prevent conflict escalation that could disrupt the Strait of Hormuz and trigger global economic impacts.
Domestically, market participants are also awaiting the release of February 2026 inflation data and January 2026 trade balance figures, estimated to record a surplus of US$2.76 billion, with indications of growth in import and export activity.