JCI Turns Green Amid Correction Shadows, Asian Markets Slump Due to Failed Iran-US Ceasefire
Jakarta – The JCI opened stronger by 38 points or 0.53% at the level of 7,346 during Friday’s trading session, 10 April 2026.
Head of Retail Research at BNI Sekuritas, Fanny Suherman, predicts that the JCI will correct during today’s trading.
“The JCI has the potential to correct today,” said Fanny in her daily research on Friday, 10 April 2026.
She stated that Asian markets were mixed, with the majority weakening in Thursday’s trading. Japan’s Nikkei 225 index fell 0.73%. Meanwhile, the Hang Seng index weakened 0.54%, and Taiwan’s Taiex index rose 0.29%.
South Korea’s Kospi index plunged 1.61%, Australia’s ASX 200 rose 0.24%, the FTSE Straits Times weakened 0.38%, and Malaysia’s FTSE KLCI fell 0.59%.
This diversity followed the Iranian Parliament Speaker’s accusation that the US violated the terms of the two-week ceasefire agreement.
On the other hand, Iran reclosed the Strait of Hormuz on Wednesday, threatening the recently agreed ceasefire with the US. The closure was a response to Israeli attacks in Lebanon.
This situation has once again jammed the strategic global oil shipping route and triggered new tensions in the region. Iranian authorities have not issued an official statement regarding the reclosure of the Strait of Hormuz.
Meanwhile, the White House demanded the immediate reopening of the Strait of Hormuz and emphasised its desire to keep peace talks on track as planned.
“JCI support is at the 7,250-7,300 level, while JCI resistance is in the 7,330-7,400 range,” she said.
For information, Wall Street stock indices continued to strengthen in Thursday’s trading. The strengthening occurred amid growing market optimism that the US-Iran ceasefire could hold.
The S&P 500 index rose 0.62%, the Nasdaq Composite strengthened 0.83%, and the Dow Jones Industrial Average added 0.58%. West Texas Intermediate (WTI) crude oil prices rose more than 3% (US$97.87/bbl). Meanwhile, Brent crude oil prices strengthened more than 1% (US$95.92/bbl).