JCI Opens in the Red, Asian and Wall Street Markets Strengthen After Iran-US Ceasefire

The Jakarta Composite Index (JCI) opened weaker by 40 points or 0.56% at the level of 7,238 during Thursday’s trading session, 9 April 2026. Head of Retail Research at BNI Sekuritas, Fanny Suherman, predicted that the JCI would rebound during today’s trading. “The JCI has the potential to continue its strengthening today,” said Fanny in her daily research on Thursday, 9 April 2026. She stated that Asian markets collectively turned green during Wednesday’s trading. Japan’s Nikkei 225 index surged 5.4%, Hong Kong’s Hang Seng strengthened 3.1%, Taiwan’s Taiex rose 4.6%, and South Korea’s Kospi soared 6.9%. Meanwhile, Australia’s ASX 200 added 2.6% and China’s CSI 300 climbed 3.5%. Singapore’s FTSE Straits Times strengthened 0.77% and Malaysia’s FTSE Malay KLCI rose 1.66%. This strengthening occurred after US President Donald Trump stated that he had agreed to suspend planned attacks on Iranian infrastructure for two weeks. The move is “contingent on the Islamic Republic of Iran’s agreement to a COMPLETE, IMMEDIATE, and SAFE OPENING in the Strait of Hormuz,” Trump wrote on Truth Social. Iran’s Foreign Minister, Abbas Araghchi, in a post on X on behalf of the country’s Supreme National Security Council, stated that Tehran’s armed forces would “halt their defensive operations.” Araghchi said that a safe passage through the Strait of Hormuz would be possible through coordination with Iran’s armed forces over the next two weeks. “JCI support is at the 7,050-7,100 level while JCI resistance is in the 7,300-7,400 range,” she said. For information, Wall Street stock indices collectively rose during Wednesday’s trading. The strengthening was driven by the easing of geopolitical tensions after US President Donald Trump decided to suspend attacks on Iran for two weeks. The policy temporarily halts a conflict that has lasted five weeks and had disrupted key global energy supply routes. The Dow Jones Industrial Average surged 2.85%, the S&P 500 strengthened 2.51%, and the Nasdaq Composite soared 2.80%. On the commodities side, West Texas Intermediate (WTI) oil prices fell more than 16% to US$94.41 per barrel, while Brent crude prices dropped around 13% to US$94.75 per barrel.