Shadowed by War, IHSG Weakens Following Global Markets

The Composite Stock Price Index (IHSG) on the Indonesia Stock Exchange (BEI) moved lower on Friday morning, following the weakening of global stock markets amid uncertainty over the direction of the conflict between the United States (US) and Iran. The IHSG opened down 27.72 points or 0.39% at 7,316.37. Meanwhile, the LQ45 index of 45 leading stocks fell 4.84 points or 0.66% to 726.89. “The IHSG is expected to move sideways in the range of 7,050-7,250,” said Ratna Lim, Head of Research at Phintraco Sekuritas, in her analysis in Jakarta on Friday (27/3/2026). From abroad, US President Donald Trump stated that the US is not sure whether it is able or willing to make a peace deal with Iran. In a cabinet meeting, Trump said Iran has begged to make a deal. Trump then posted on social media that, at the request of the Iranian government, he is extending the suspension of US attacks on Iranian energy infrastructure for 10 days. In addition, Trump also stated that talks are ongoing, although Iran has repeatedly denied any negotiations. Global stock markets continue to show an up-and-down trading pattern, as investors make trading decisions based on contrasting news about the conflict. Although market participants largely hope for an end to the conflict, diverse messages have weighed on sentiment. “This is because these diverse messages affect crude oil price movements, which are closely linked to expectations of energy costs that could lead to rising inflation,” said Ratna. Global crude oil prices strengthened again after Iran signalled it has no intention of holding direct talks with the US, although the US proposal is being reviewed by Iranian officials. In line with that, the OECD warned of accelerating price increases and slowing economic growth if energy prices rise further due to a prolonged conflict. On the other hand, several ships from China, India, Japan, Turkey, and Thailand have been allowed by Iran to pass through the Strait of Hormuz.