JCI Opens Higher Amid Correction Concerns, Asian Markets Strengthen While Wall Street Remains Weak

Jakarta, VIVA – The JCI opened higher by 2 points or 0.03 percent at the level of 7,103 on the opening of trading on Thursday, 30 April 2026.

Head of Retail Research at BNI Sekuritas, Fanny Suherman, predicts that the JCI has the potential to correct again in today’s trading.

“The JCI has the potential to correct again today,” said Fanny in her daily research on Thursday, 30 April 2026.

She stated that Asian markets were mixed with the majority rising in Wednesday’s trading. Hong Kong’s Hang Seng index surged 1.68 percent, Taiwan’s Taiex fell 0.55 percent, China’s CSI 300 strengthened 1.06 percent.

Meanwhile, South Korea’s Kospi rose 0.75 percent, and Australia’s ASX 200 weakened 0.27 percent. Then, the Straits Times fell 0.55 percent and Malaysia’s FTSE declined 0.53 percent.

On the other hand, the Japanese stock market was closed for Showa Day. In Australia, the Consumer Price Index (CPI) for March 2026 rose 4.6 percent (year-on-year) compared to a 3.7 percent increase in the previous month, or below expectations of 4.7 percent growth as per the latest data published by the Australian Bureau of Statistics (ABS).

In addition, the market is monitoring the release of financial reports from tech giants. Meanwhile, investors are awaiting indications from the Fed regarding the direction of interest rates. At the same time, US President Donald Trump stated that Iran has asked the US to lift the naval blockade in the Strait of Hormuz.

“JCI support is at the 6,900-7,000 level while JCI resistance is in the 7,150-7,200 range,” she said.

For information, Wall Street stock indices mostly closed down in Wednesday’s trading. The main pressure came from the rise in global oil prices, as well as the Fed’s stance of holding interest rates amid ongoing inflation concerns that have not subsided.

The Dow Jones Industrial Average index weakened 0.57 percent, the S&P 500 fell slightly 0.04 percent, and the Nasdaq Composite rose slightly 0.04 percent. West Texas Intermediate (WTI) oil prices jumped 7.17 percent (US$107.16/bbl), while Brent rose 6.78 percent (US$118.80/bbl).

The increase was caused by reports that the US is expanding the blockade against Iranian ports, as well as President Donald Trump’s rejection of Iran’s proposal regarding the reopening of the Strait of Hormuz until an agreement on the nuclear programme is reached.