Indonesian Stock Index Declines Amid Uncertainty Over US Tariff Policies
Jakarta (ANTARA) – The Composite Stock Price Index (IHSG) of the Indonesia Stock Exchange (IDX) closed lower on Tuesday 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 percent, to 8,280.83. Meanwhile, the group of 45 leading stocks, or the LQ45 index, fell 10.13 points, or 1.19 percent, to 837.63.
“The IHSG and Rupiah closed lower amid increasing global uncertainty,” said Phintraco Sekuritas’ Head of Research, Ratna Lim, in a report in Jakarta on Tuesday.
Ratna explained that the uncertainty regarding US tariff policies and the relatively tight prospects for US interest rates caused the US dollar index to reverse its gains.
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 regarding the official annual report, which includes information on the state of the country and the government’s future policy plans.
From Europe, market players will monitor the GfK Consumer Confidence data for Germany for the period of March 2026, 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 percent year-on-year (yoy) from 2 percent (yoy) previously.
From Asia, the central bank of China maintained its benchmark lending rate for the ninth consecutive month in February 2026, at 3 percent for the 1-year Loan Prime Rate and 3.5 percent for the 5-year Loan Prime Rate.
Opening higher, the IHSG moved into negative territory until the close of the first trading session. In the second session, the IHSG remained in the red until the close of trading.
Based on the IDX-IC Sectoral Index, one sector strengthened, namely the financial sector, which rose by 0.63 percent.
Meanwhile, ten sectors weakened, with the energy sector falling the most by 3.29 percent, followed by the non-primary consumer goods sector and the technology sector, which fell by 3.05 percent and 2.21 percent, respectively.
The stocks that experienced the largest gains were ASHA, AIMS, MEGA, TFAS, and PPRE. Meanwhile, the stocks that experienced the largest declines were SSTM, RMKO, INDS, BLUE, and SCNP.
The frequency of stock trading was recorded at 3,359,000 transactions, with the total number of shares traded at 58.06 billion shares, worth IDR 29.51 trillion. As many as 163 shares rose, 596 shares fell, and 199 shares remained unchanged.
Regional Asian stock exchanges closed as follows: the Nikkei index rose 473.30 points, or 0.83 percent, to 57,299.00; the Shanghai index rose 35.34 points, or 0.87 percent, to 4,117.41; the Hang Seng index fell 491.59 points, or 1.82 percent, to 26,590.32; the Kuala Lumpur index fell 3.97 points, or 0.23 percent, to 1,754.01; and the Straits Times index fell 20.54 points, or 0.41 percent, to 5,020.79.