JCI Strengthens Following Asian and Global Markets

Jakarta (ANTARA) - The Composite Stock Price Index (JCI) of the Indonesia Stock Exchange (IDX) moved upwards on Friday morning, following the strengthening of stock markets in the Asian region and globally.

The JCI opened stronger by 38.90 points or 0.53% to the position of 7,346.49. Meanwhile, the group of 45 leading stocks or the LQ45 index rose 3.83 points or 0.52% to 737.73.

“The JCI is expected to move tending to strengthen, testing the 7,350 level,” said Head of Research at Phintraco Sekuritas, Ratna Lim, in her analysis in Jakarta on Friday.

The latest developments in the Middle East conflict, Israel has stated it will negotiate with Lebanon, thereby removing the main point of contention in the ceasefire between the United States (US) and Iran, which was previously unstable due to Israel’s attacks on Lebanon.

However, US President Donald Trump stated that US troops will remain in the Gulf region until a real agreement is reached and complied with.

In addition to developments in the Middle East, market participants are also monitoring disruptions from Artificial Intelligence (AI) and US PCE Index data, which rose 0.4% month-to-month (mtm) or 3% year-on-year (yoy) in February 2026, in line with consensus expectations.

US PCE inflation data remains above the Fed’s 2% target, but this data does not yet include the impact of rising oil prices starting in March 2026. The data indicates that US inflation was already relatively high before the conflict occurred.

Next, market participants will await the US CPI inflation for March 2026, which will be released on Friday (10/4).

Domestically, the World Bank has lowered its projection for Indonesia’s economic growth to 4.7% in 2026, from the previous projection of 4.8%, and lower than the government’s target in the 2026 State Budget of 5.4%.

The trimming of the growth projection is due to Indonesia’s economy being projected to be affected by the escalation of the Middle East conflict, which increases global energy prices.

This downward projection aligns with the trend of regional economic slowdown in East Asia and the Pacific excluding China, projected to reach 4.1% from the previous projection of 4.4%.

On Thursday (09/04) trading yesterday, European stock markets collectively weakened, including the Euro Stoxx 50 weakening 0.34%, the UK FTSE 100 index weakening 0.05%, the German DAX index weakening 1.14%, and the French CAC 40 index weakening 0.02%.

Meanwhile, the US Wall Street stock markets collectively strengthened on Thursday (09/04), including the Dow Jones Industrial Average index strengthening 0.58% to 48,185.80, the S&P 500 index strengthening 0.62% to 6,824.66, and the Nasdaq Composite index strengthening 0.83% to 22,822.42.

Regional Asian stock markets this morning include the Nikkei index strengthening 770.68 points or 1.38% to 56,666.00, the Shanghai index strengthening 36.87 points or 0.93% to 4,003.04, the Hang Seng index strengthening 221.60 points or 0.86% to 25,974.00, the Kuala Lumpur index strengthening 3.15 points or 0.19% to 1,689.39, and the Straits Times index strengthening 10.69 points or 0.21% to 4,987.77.