Indonesia Stocks Drop on Failed U.S.-Iran Talks

2026-04-13 02:23 By Farida Husna 1 min. read

Indonesia’s IDX Composite slipped 53 points, or 0.6%, to 7,406 on Monday, snapping a three-session gain as U.S.

futures tumbled.

Investor sentiment soured after President Trump said the U.S.

Navy would blockade the Strait of Hormuz following a breakdown in talks with Iran, threatening a fragile two-week ceasefire.

Locally, the rupiah lingered around a record low of 17,100 last week amid persistent capital outflows, as March forex reserves fell to USD 148.2 billion, the lowest since July 2024.

Investors also turned cautious ahead of February retail sales data due later today, following resilient household demand in January.

Losses were partly cushioned by optimism over Indonesia’s fiscal discipline, with revenue mobilization and spending prioritization expected to keep the stance manageable.

Financials, infrastructure, and healthcare led losses, with notable laggards including Sumber Global Energy (-2.6%), Astra Intl.

(-2.0%), Bank Tabungan Negara (-1.9%), and XL Smart Telecom (-1.6%).



News Stream
Indonesia Stocks Drop on Failed U.S.-Iran Talks
Indonesia’s IDX Composite slipped 53 points, or 0.6%, to 7,406 on Monday, snapping a three-session gain as U.S. futures tumbled. Investor sentiment soured after President Trump said the U.S. Navy would blockade the Strait of Hormuz following a breakdown in talks with Iran, threatening a fragile two-week ceasefire. Locally, the rupiah lingered around a record low of 17,100 last week amid persistent capital outflows, as March forex reserves fell to USD 148.2 billion, the lowest since July 2024. Investors also turned cautious ahead of February retail sales data due later today, following resilient household demand in January. Losses were partly cushioned by optimism over Indonesia’s fiscal discipline, with revenue mobilization and spending prioritization expected to keep the stance manageable. Financials, infrastructure, and healthcare led losses, with notable laggards including Sumber Global Energy (-2.6%), Astra Intl. (-2.0%), Bank Tabungan Negara (-1.9%), and XL Smart Telecom (-1.6%).
2026-04-13
Indonesian Shares Rally, Weekly Rise on Track
Indonesian stocks jumped 153 points, or 2.1%, to 7,457 in early Friday trade, up for a third session to a near one-month peak. Overnight strength on Wall Street boosted sentiment amid ongoing negotiations between the U.S. and Iran toward a resolution to the six-week Middle East conflict. Markets are set to end the week firmly higher, up about 6% so far, lifted by optimism over resilient Q1 growth, on robust domestic demand during the festive season. In top trading partner China, producer prices rose in March, the first time in near three years, on stronger demand following Beijing’s crackdown on overcapacity and the impact of geopolitical risks. On the corporate front, Freeport Indonesia aims to restore Grasberg output to near full capacity by the end of 2026, with current production back to 40–50%. All sectors rose, led by cyclicals, basic materials, and energy, with Pantai Indah Kapuk (12.6%), Bangun Kosambi (9.5%), Elang Mahkota (8%), and Raharja Energi Cepu (6.5%) among standouts.
2026-04-10
Indonesian Shares Trade Lower
Indonesia’s IDX Composite fell 65 points, or 0.9%, to 7,211 in Thursday morning’s trade, reversing the prior session’s rally as U.S. futures weakened after Iran signaled it was “unreasonable” to pursue a permanent peace deal with Washington. Doubts also grew about the reopening of the Strait of Hormuz. Locally, March forex reserves hit their lowest in nearly two years, highlighting the cost of defending stability in a fragile external backdrop. On the corporate front, Garuda Indonesia plans to raise ticket prices after a fuel surcharge increase, reflecting the delayed pass-through of higher energy costs. Still, weakness was tempered by optimism that the government can manage growing inflation risks and supply security. Losses were broad-based, led by infrastructure, basic materials, and industrials. Early laggards included MD Entertainment (-5.4%), Archi Indonesia (-3.8%), Hartadinata Abadi (-3.5%), and Bumi Serpong Damai (-3.1%). Traders now await China’s CPI and PPI data due Friday.
2026-04-09