Jakarta Composite Index Comes Under Pressure Amid Global Uncertainty

Jakarta Composite Index Comes Under Pressure Amid Global Uncertainty

• 09 Mar 2026 20:56 WIB

• Voice of Indonesia

RRI.CO.ID, Jakarta – The Jakarta Composite Index (JCI) is facing significant pressure as global uncertainty increases amid the escalating conflict between the United States, Israel, and Iran. The weakening is affecting not only the Indonesian stock market but also several major global exchanges.

Acting president director of the Indonesia Stock Exchange (IDX), Jeffrey Hendrik, said current stock market volatility is largely influenced by external factors developing globally.

According to him, the heated geopolitical situation has triggered high uncertainty in international financial markets, directly affecting stock market movements in various countries.

“If we look at it, these external factors are indeed creating very high uncertainty, not only in our market but also in the global market,” he said after the “Empowering Sharia Investment Journey with IDX Mobile Sharia” event at the Indonesia Stock Exchange building in Jakarta on Monday, as quoted by Antara.

Jeffrey said the current volatility pattern is similar to market conditions in April 2025. At that time, global stock markets also came under pressure following the reciprocal tariff policy announced by United States President Donald Trump, which surprised market participants.

The policy placed significant pressure on stock markets at the time, particularly in emerging markets, including Indonesia. However, he said the market pressure experienced last year was more severe than the current situation.

Meanwhile, based on trading data on the Indonesia Stock Exchange on Monday afternoon, the Jakarta Composite Index (JCI) closed down 248.32 points, or 3.27 percent, at 7,337.37.

At the start of trading, the JCI had plunged as much as 421.82 points, or 5.56 percent, to 7,163.86 at around 9:12 a.m. Jakarta time.

Market pressure also occurred across several Asian stock exchanges. The Nikkei Index fell 2,892.10 points, or 5.20 percent, to 56,728.69. The Shanghai Composite Index fell 27.58 points, or 0.67 percent, to 4,096.60, the Hang Seng Index fell 348.82 points, or 1.35 percent, to 25,408.46, and the Straits Times Index fell 91.64 points, or 1.89 percent, to 4,756.60.

Amid these conditions, the IDX ensured that Indonesia’s capital market infrastructure and regulations are prepared to maintain trading stability amid global economic and political dynamics. ***