Markets in Panic After Trump's Speech, IHSG and Asian Exchanges Ablaze
The Jakarta Composite Index (IHSG) weakened once again after US President Donald Trump stated that the war with Iran would continue, on Thursday (2 April 2026).
At 09:15 WIB, the IHSG dropped 0.79% to 7,127.87. A total of 369 stocks declined, 223 rose, and 366 remained unchanged.
Trading value reached Rp 2.45 trillion, involving 4.56 billion shares in 308,300 transactions. Market capitalisation also fell back to Rp 12,529 trillion.
The IHSG’s morning movement aligned with Asian exchanges. After briefly turning green at the opening, Asian markets caught fire following Trump’s latest speech.
The Kospi index in South Korea plunged 2.85%, and Japan’s Nikkei fell 1.4%. Hong Kong’s Hang Seng also dropped 0.86%.
As previously reported, US President Donald Trump affirmed that the “Epic Fury” operation in Iran would proceed until all strategic objectives were achieved. The ultimate strike would soon be launched.
Trump stated that in the next two to three weeks, the US would launch a “very hard” attack on Iran, causing significant impact.
“We will bring them back to the Stone Age,” he said in his state of the union address at the White House on Wednesday (1 April 2026) evening local time.
He also reiterated that regime change was not the primary goal of the operation, although he noted that many Iranian leaders had been killed during the conflict.
He warned that if no agreement was reached soon, the US was prepared to attack Iran’s critical infrastructure, including power plants, simultaneously.
However, Trump added that Iran’s oil facilities were not yet a target, although he considered them the easiest to destroy.
In his statement, Trump also claimed that Iran’s air defence capabilities had been crippled. “They have no air defence. Their radars are destroyed. We are unstoppable,” he said.
Trump also highlighted the impact of the attack on Iran’s nuclear facilities, which had previously been hit by B-2 bombers. He said the damage was so severe that it would take months before the area could be approached again. He affirmed that the US would strike again if Iran attempted to revive its programme.
“We hold all the cards,” Trump said.
Alongside this, oil prices boiled over once more. Based on Refinitiv data at 09:17 WIB, Brent crude was recorded at US$105.61 per barrel, up more than 4%.
West Texas Intermediate (WTI) also rose to US$97.44 per barrel from US$103.94, or surging 3.95%.