JCI Opens Soaring 1.43%, Wall Street Strengthens While Asian Markets Uniformly Weaken
The Jakarta Composite Index opened stronger by 101 points or 1.43% at the level of 7,149 during the opening of trading on Wednesday, 1 April 2026.
Head of Retail Research at BNI Sekuritas, Fanny Suherman, predicts that the JCI has the potential to strengthen in today’s trading.
“The JCI has the potential to strengthen today,” said Fanny in her daily research on Wednesday, 1 April 2026.
She stated that Pacific Asian stock markets uniformly weakened in yesterday’s trading, in line with rising investor concerns over the unresolved conflict in the Middle East.
On the other hand, US President Donald Trump has again escalated threats against Iran. He stated that the US would destroy power plants, oil wells, and Kharg Island if the Strait of Hormuz remains closed and there is no peace agreement.
The statement comes as the Iran conflict has entered its fifth week. In fact, the US government is reportedly considering sending ground troops to seize Kharg Island, which is Iran’s main oil export route.
Due to the conflict, shipping traffic in the Strait of Hormuz—which previously handled around 20% of the world’s oil shipments—has nearly halted since the US and Israel attack on Iran on 28 February.
In Japan, the Nikkei 225 index fell 1.6% and the Topix weakened 1.3%. Meanwhile, in South Korea, the Kospi index plunged 4.3% and the Kosdaq declined 4.9%.
Hong Kong’s Hang Seng rose 0.15%, Australia’s ASX 200 rose 0.25%, while Taiwan’s Taiex weakened 2.45%.
“JCI support is at the 6,950-7,000 level while JCI resistance is in the 7,150-7,300 range,” she said.
For information, Wall Street stock indices closed significantly higher in yesterday’s trading, driven by market optimism that the conflict between the US and Iran could end soon.
The Dow Jones Industrial Average surged 2.49%, the S&P 500 increased 2.91%, and the Nasdaq Composite jumped 3.83%. The rise was triggered by reports indicating that Iranian President Masoud Pezeshkian is open to ending the war with several conditions, including international guarantees.
Positive sentiment also came from a Wall Street Journal report stating that US President Donald Trump is willing to halt military actions in the Middle East, even though the Strait of Hormuz is not yet fully open.