IHSG Weakens 1.37 Per Cent to 8,280 Level, Pressured by US Tariff Uncertainty

REPUBLIKA.CO.ID, The Composite Stock Price Index (IHSG) of the Indonesia Stock Exchange (IDX) closed lower on Tuesday (24 February 2026) afternoon, triggered by market players responding to the uncertainty surrounding United States (US) tariff policies. The IHSG closed down 115.25 points, or 1.37 per cent, to 8,280.83. Meanwhile, the group of 45 leading stocks, or the LQ45 index, fell 10.13 points, or 1.19 per cent, to 837.63.

“The IHSG and Rupiah closed lower amid increasing global uncertainty,” said Head of Research at Phintraco Sekuritas, Ratna Lim, in a report in Jakarta on Tuesday.

Ratna explained that the uncertainty regarding US tariff policies and the relatively tight outlook for US interest rates caused the US dollar index to reverse its course and strengthen.

In addition, this uncertainty also caused gold prices to correct from their highest level in the past three weeks, in addition to being driven by profit-taking by market players.

Meanwhile, US President Donald Trump is scheduled to deliver a speech before the US Congress on the official annual report, which includes information on the state of the country and the government’s future policy plans.

From the European region, market players will monitor the GfK Consumer Confidence data for Germany for the March 2026 period, which is expected to be at minus 23.8, from minus 24.1 previously.

Meanwhile, inflation in the Euro Area in January 2026 is expected to slow to 1.7 per cent year on year (yoy) from 2 per cent (yoy) previously.

From the Asian region, the central bank of China maintained its benchmark lending rate for the ninth consecutive month in February 2026, at 3 per cent for the one-year Loan Prime Rate and 3.5 per cent for the five-year Loan Prime Rate.

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