JCI Weakens Triggered by Trump's Speech Lacking Clarity on US-Iran Conflict
Asian stock markets were dominated by declines, as investor caution returned following the main speech by US President Donald Trump, which offered no clarity on the timeline for resolving the Middle East conflict.
Jakarta (ANTARA) - The Composite Stock Price Index (JCI) of the Indonesia Stock Exchange (BEI) closed weaker on Thursday afternoon, triggered by the national address from US President Donald Trump that provided no clarity on the timeline for resolving the conflict in the Middle East region.
The JCI closed down 157.66 points or 2.19% at 7,026.78. Meanwhile, the LQ45 index of 45 leading stocks fell 12.21 points or 1.68% to 714.58.
“Asian markets were dominated by weakness, as investor caution returned after US President Donald Trump’s main speech, which provided no clarity on the timeline for resolving the Middle East conflict,” said Associate Director of Research and Investment at Pilarmas Investindo Securities Maximilianus Nico Demus in his analysis in Jakarta on Thursday.
From overseas, although Trump stated that US operations were nearly complete, he also emphasised taking more aggressive steps, including the possibility of attacks on power plants in the next two to three weeks.
Meanwhile, domestically, the JCI weakened in line with Asian markets, as well as due to sluggish export data and solid import growth.
At the same time, investor caution increased ahead of the release of March 2026 foreign exchange reserve data, after February 2026’s position fell to its lowest level in three months.
Nico said that high global crude oil prices, along with ongoing geopolitical risks, continue to pose potential for inflation rises, although year-on-year inflation fell to 3.48% in March 2026 and returned to within Bank Indonesia’s (BI) target.
On the other hand, BI has introduced several new measures to curb speculation, reaffirming its priority in maintaining exchange rate stability.
Opening lower, the JCI remained in negative territory until the close of the first trading session. In the second session, the JCI stayed in the red zone until the close.
Based on the IDX-IC Sectoral Index, one sector strengthened, namely the non-primary consumer goods sector, which rose 0.59%.
Meanwhile, ten sectors weakened, with the raw materials sector falling the most at 4.96%, followed by the infrastructure sector and the energy sector, which fell 3.93% and 2.73% respectively.
The stocks that experienced the largest gains were ALKA, MSIN, BEER, YPAS, and ASPR. Meanwhile, the stocks with the largest declines were NSSS, DATA, FWCT, ATAP, and TALF.
Share trading frequency was recorded at 2,014,275 transactions, with 31.54 billion shares traded worth Rp16.47 trillion. A total of 475 stocks rose, 209 fell, and 135 remained unchanged.
Regional Asian stock markets this afternoon included the Nikkei Index weakening 1,290.68 points or 2.40% to 52,449.00, the Shanghai Index down 29.27 or 0.74% to 3,919.29, the Hang Seng Index down 177.50 points or 0.70% to 25,116.53, and the Straits Times Index up 28.33 points or 0.57% to 4,947.50.