IHSG Weakens Amid Wall Street-Like Correction as Asia-Pacific Markets Rise

IHSG opened weaker by 11 points or 0.14 percent at 7,699 at the start of trading on Friday, 6 March 2026. Fanny Suherman, Head of Retail Research at BNI Sekuritas, predicted that IHSG could come under renewed pressure during the trading day. “IHSG is likely to be corrected again today,” she said in her daily research on Friday, 6 March 2026. She noted that Asia-Pacific stock markets rose on Thursday after a period of significant weakness in recent days. The rally in Asia was led by South Korea, with the Kospi index up 9.6 percent and the small-cap Kosdaq up 14.10 percent, marking a recovery after their worst session the day before. Sentiment improved after Wall Street rose in the previous session. In addition, concerns about rising oil prices began to ease. The Nikkei 225 and Topix in Japan rose together by about 1.9 percent. Meanwhile, the S&P/ASX 200 in Australia gained 0.44 percent, Hang Seng in Hong Kong rose 0.28 percent, and the Taiex in Taiwan jumped 2.57 percent. Investors also watched the major policy meeting in China known as the “Two Sessions,” which formally began this week on Wednesday. “IHSG support is at around 7,650-7,680 while resistance sits in the 7,740-7,780 range,” he said. For information, Wall Street indices were all lower on Thursday’s trading, after having risen the day before. A rise in oil prices amid heightened tensions over Iran raised investor concerns about its impact on the global economy. The Dow Jones Industrial Average fell 1.61 percent, the S&P 500 dropped 0.56 percent, and the Nasdaq Composite slipped 0.26 percent. The sell-off was led by Boeing and Caterpillar, which were viewed as among the most affected if global economic growth slows.