Jakarta Composite Opens Higher as Asian Markets Mixed Amid Uncertainty over Trump Tariffs
Jakarta — The Jakarta Composite Index (IHSG) opened 29 points higher, or 0.35 per cent, at 8,425 during Tuesday’s trading session on 24 February 2026.
Head of Retail Research at PT BNI Sekuritas, Fanny Suherman, predicted that the IHSG has the potential to break through resistance but remains shadowed by correction risks during the day’s trading.
“The IHSG will attempt to break through strong resistance at 8,450. However, if it fails to breach that level, the index still faces the possibility of limited correction,” Fanny said in her daily research note on Tuesday, 24 February 2026.
Asian stock markets were mixed on Monday, whilst the US dollar weakened as investors awaited clarity on US tariff policy. Market sentiment was also clouded by the upcoming earnings results of AI chip giant Nvidia, which are expected to test optimism surrounding the artificial intelligence sector this week.
Confusion arose after the United States Supreme Court struck down President Donald Trump’s emergency tariffs. Trump subsequently announced new tariffs of 10 per cent for the entire world before raising them to 15 per cent — a move that reportedly caught even some of his own officials by surprise.
It remains unclear when these tariffs will take effect, which products will be exempted, and whether all countries will face the 15 per cent rate. Previously, several countries including the United Kingdom and Australia were subject to 10 per cent tariffs, whilst a number of Asian nations faced higher rates.
Japan’s stock exchange was closed for a public holiday. Meanwhile, South Korea’s Kospi index rose 0.7 per cent, and Hong Kong’s Hang Seng surged 2.5 per cent, whilst Australia’s S&P/ASX 200 declined 0.6 per cent.
“IHSG support is at the 8,320–8,350 level, whilst resistance sits in the 8,450–8,500 range,” Fanny said.
Wall Street indices weakened at Monday’s close amid concerns over the disruptive impact of artificial intelligence on various industrial sectors, as well as President Trump’s tariff hike policies.
The Dow Jones Industrial Average fell 1.66 per cent, the Nasdaq Composite dropped 1.13 per cent, and the S&P 500 declined 1.04 per cent. Uncertainty surrounding Trump’s tariff policy continued to weigh on markets, particularly after the US Supreme Court last week struck down the reciprocal tariffs proposed by the government, though Trump maintained he retains the authority to raise tariffs on countries he deemed to be acting in bad faith.