Indonesia Stock Exchange Opens Weaker Amid Correction as Asia-Pacific and Wall Street Fall

The Indonesian Stock Exchange (IHSG) opened weaker at 7,115, down 21 points or 0.30 per cent, at the start of trading on Monday, 16 March 2026.

Fanny Suherman, Head of Retail Research at BNI Sekuritas, has predicted that the IHSG could face further correction during today’s trading session.

“The IHSG is likely to continue correction today in line with Wall Street weakness,” Fanny said in her daily research note on Monday, 16 March 2026.

She noted that most Asia-Pacific exchanges weakened during Friday’s trading last week. Japan’s Nikkei 225 Index fell 1.16 per cent and Hong Kong’s Hang Seng Index declined 0.98 per cent.

Meanwhile, Taiwan’s Taiex Index dropped 0.54 per cent, South Korea’s Kospi Index fell 1.72 per cent, and Australia’s ASX 200 weakened 0.14 per cent. The Singapore Exchange’s FTSE Straits Times declined 0.27 per cent and Malaysia’s FTSE KLCI fell 0.71 per cent.

Asia-Pacific markets weakened as oil prices surged owing to fresh concerns that prolonged conflict in the Middle East could further tighten energy supply, raising fears of a global economic slowdown.

Iran’s new Supreme Leader, Mojtaba Khamenei, stated in a speech on Thursday evening, 12 March 2026, that the Strait of Hormuz, a vital artery for global oil trade, must remain closed and that Tehran could open additional conflict fronts if the dispute continues.

Commander of the Naval Forces of Iran’s Islamic Revolutionary Guard Corps, Alireza Tangsiri, also reiterated the threat in a social media post, warning of “the hardest blow for the aggressive enemy.”

IHSG support levels are positioned at 7,000–7,080, whilst resistance levels range between 7,170–7,200, according to Suherman.

Wall Street indices extended their decline at Friday’s market close last week, falling to their lowest levels so far this year amid rising oil prices driven by escalating Iran tensions, which have heightened investor concerns about inflation and global economic growth.

The S&P 500 fell 0.61 per cent, the Nasdaq Composite declined 0.93 per cent, and the Dow Jones Industrial Average dropped 0.26 per cent. Despite stock market pressure, global crude oil prices continued their rally. West Texas Intermediate (WTI) crude oil rose 3.11 per cent to US$98.71 per barrel, whilst Brent crude strengthened 2.67 per cent to US$103.14 per barrel.