Jakarta Stock Exchange Opens Stronger, Following Wall Street Gains and Potential for Rebound; Asian Exchanges Mixed

The Jakarta Stock Exchange (IHSG) opened stronger by 52 points or 0.75 percent at the 7,074 level at the opening of trading on Tuesday, 17 March 2026.

Fanny Suherman, Head of Retail Research at BNI Securities, predicted that the IHSG has the potential to rebound during today’s trading.

“The IHSG has the potential to rebound today,” said Fanny in her daily research on Tuesday, 17 March 2026.

She noted that Asian stock exchanges showed mixed performance on Monday, as tensions in the Persian Gulf kept oil prices elevated.

The energy price increase added pressure to global inflation, making it more difficult for central banks to implement new policy decisions this week, except for the possible implementation of a single interest rate increase.

Japan’s Nikkei Index fell 0.13 percent, and the Topix declined 0.50 percent. Meanwhile, South Korea’s Kospi Index rose 1.14 percent, whilst Kosdaq dropped 1.27 percent.

Additionally, Hong Kong’s Hang Seng increased 1.45 percent, Taiwan’s Taiex declined 0.17 percent, and Australia’s ASX 200 weakened 0.39 percent.

On another front, high-ranking US and Chinese officials also met in Paris to discuss potential agreements in the agricultural sector, critical minerals, and managed trade, which will later be considered by President Trump and President Xi Jinping during the US visit to Beijing.

At other central banks, most are expected to hold interest rates steady, with the exception of the Reserve Bank of Australia, which is likely to raise rates by 0.25 basis points to 4.1 percent to contain domestic inflation.

“The IHSG support level is at 6,950-7,000 whilst IHSG resistance is in the range of 7,080-7,130,” she stated.

For reference, the US stock market closed stronger on Monday’s trading, driven by gains in technology stocks related to artificial intelligence (AI). Market sentiment was influenced by declining oil prices amid uncertainty over Middle Eastern conflict.

The S&P 500 Index rose 1.01 percent, the Nasdaq strengthened 1.22 percent, and the Dow Jones Industrial Average gained 0.83 percent. Market gains were led by technology stocks, particularly those related to AI development.