JCI Opens Higher with Rebound Potential, Asian and Wall Street Markets Sluggish Due to Stalled Iran-US Diplomacy

Jakarta – The Jakarta Composite Index (JCI) opened higher by 7 points or 0.10% at the level of 7,386 during Friday’s trading session on 24 April 2026.

Head of Retail Research at BNI Sekuritas, Fanny Suherman, predicts that the JCI is attempting a rebound with the risk of correction in today’s trading.

“The JCI has the potential for a short-term technical rebound today to 7,420. If it fails to break that level, the JCI still has the potential to correct back towards the 7,200 level,” said Fanny in her daily research on Friday, 24 April 2026.

She stated that Asian markets corrected in Thursday’s trading, due to profit-taking by investors emerging alongside growing market concerns over the surge in oil prices resulting from tensions in the Middle East.

Japan’s Nikkei Index fell 0.75% and the Topix weakened 0.76%. A similar situation occurred in Taiwan, where the Taiwan Index dropped 0.43% and Hong Kong’s Hang Seng weakened 0.95%.

Meanwhile, China’s benchmark stock index fell 0.28% and Australia’s ASX 200 declined 0.57%. In contrast, South Korea’s Kospi rose 0.90% due to the global rise in oil prices.

The increase in energy prices was caused by escalating tensions in the Middle East. Iran reportedly seized two container ships passing through the Strait of Hormuz, a strategic global shipping route.

“JCI support is at the 7,250-7,300 level, while resistance is in the 7,420-7,480 range,” she said.

For information, Wall Street indices corrected in Thursday’s trading. Pressure came from the weakening of software sector stocks and the surge in oil prices amid rising uncertainty over the conflict in the Middle East. The S&P 500 fell 0.41%, the Nasdaq Composite weakened 0.89%, and the Dow Jones Industrial Average decreased 0.36%.

Tensions have now developed into a military stalemate at sea, amid a fragile ceasefire. Both countries are reportedly vying for control over the Strait of Hormuz and have seized commercial ships in the past week.

US President Donald Trump even ordered the Navy to take firm action against ships suspected of planting mines in the area. “There should be no doubt,” he wrote in a post on Truth Social.