JCI Opens Higher Following Wall Street and Asian Markets Amid Iran-US Ceasefire Scheme

Jakarta – The Jakarta Composite Index opened stronger by 11 points or 0.17% at the level of 7,001 during Tuesday’s trading session, 7 April 2026.

Head of Retail Research at BNI Sekuritas, Fanny Suherman, predicts that the JCI will rebound in today’s trading.

“The JCI has the potential for a short-term technical rebound to 7,020-7,050. However, be cautious; if it does not break above 7,050, it remains vulnerable to a correction today,” said Fanny in her daily research on Tuesday, 7 April 2026.

She stated that Asian stock markets, particularly the Nikkei and Kospi, rose on Monday. Meanwhile, most Asian markets were closed for holidays. Additionally, investors are still monitoring the latest developments in the Middle East conflict over the weekend.

Japan’s Nikkei 225 index rose 0.55%, while the Topix fell slightly by 0.01%. Meanwhile, South Korea’s Kospi strengthened by 1.36%, while Kosdaq weakened by 1.54%.

On the other hand, many Asian markets were closed on Monday due to holidays, such as Australia, New Zealand, and Hong Kong celebrating Easter. While mainland China and Taiwan observed the Qingming Festival, a holiday for cleaning graves.

Meanwhile, investor attention is now focused on inflation data to be released this week. The Philippines is scheduled to release March inflation data on Tuesday, 7 April 2026, followed by Taiwan on Wednesday, 8 April 2026, and South Korea’s interest rate decision on Friday, 10 April 2026.

“JCI support is at the level of 6,850-6,900, while JCI resistance is in the range of 7,020-7,050,” she said.

For information, Wall Street stock indices closed higher in Monday’s trading, driven by hopes of achieving a ceasefire between the US and Iran in the final minutes.

The S&P 500 rose 0.44%, the Nasdaq Composite strengthened 0.54%, and the Dow Jones Industrial Average added 0.36%. Market sentiment was supported by media reports stating that the US, Iran, and several regional mediators are discussing a 45-day ceasefire scheme, which could become a path to permanent peace.

Nevertheless, the chances of reaching an agreement before the deadline on Tuesday, 7 April 2026, are still considered small. A Reuters report also mentioned that both countries have accepted a proposal to end the conflict, including an immediate ceasefire and the reopening of the Strait of Hormuz, through a framework agreement drafted by Pakistan.