April 16, 2026 | 11:33 am
TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) on the Indonesia Stock Exchange (IDX) strengthened on Thursday morning as investors shifted to riskier assets, driven by optimism that the conflict between the United States (US) and Iran was nearing an end.
The JCI opened higher by 39.75 points, or 0.52 percent, to 7,663.34. Meanwhile, the LQ45 index, or 45 blue chips, rose 2.74 points, or 0.36 percent, to 762.69.
"The market is starting to price in a de-escalation scenario, reflected in the return to riskier assets and the weakening US dollar. However, analysts assess that the risk remains high because negotiations are not finalized and the potential for escalation remains open," said Liza Camelia Suryanata, Head of Research at Kiwoom Sekuritas Indonesia, in a study in Jakarta on Thursday.
From abroad, Liza stated that global sentiment is driven by expectations that the US-Iran conflict is nearing an end, with US President Donald Trump declaring the war "very close to over," with a significant chance of a permanent ceasefire before the end of the month.
Further talks are expected to resume soon, after initial negotiations in Islamabad, Pakistan, failed to produce an agreement. The US has asserted that the negotiation process remains active and productive.
However, Liza cautioned that conditions on the ground remain complex, with the US increasing pressure on Iran through a complete blockade of ports and a halt to maritime trade, as well as a waiver on purchases of Iranian and Russian oil. Iran has threatened to retaliate and maintained pressure in the Strait of Hormuz.
This policy has also impacted China, which is expected to halt Iranian oil imports. Traffic volumes in the Strait of Hormuz remain far from normal, although more than 20 vessels have resumed transit.
Liza continued, stating that market mechanisms remain consistent: the oil shock drives up inflation, maintains high interest rates, strengthens the US dollar and yields, and puts pressure on non-yielding assets such as gold.
Domestically, Indonesia's external debt (ULN) reached US$437.9 billion as of February 2026, representing a 2.5 percent year-on-year (yoy) growth driven by the public sector.
Government external debt of US$215.9 billion remains the mainstay, despite a slight slowdown, driven by a decline in the position of government bonds. Conversely, private external debt fell 0.7 percent (yoy) to US$193.7 billion.
On Wednesday, April 15th, 2026, European stock markets traded mixed, with the Euro Stoxx 50 weakening 0.73 percent, the UK's FTSE 100 index weakening 0.47 percent, the German DAX index strengthening 0.09 percent, and the CAC2 index weakening 0.64 percent.
US stock markets on Wall Street also traded mixed on Wednesday, April 15th, 2026, with the Nasdaq Composite index rising 1.59 percent to 24,016.02, the S&P 500 index rising 0.80 percent to 7,022.95, and the Dow Jones index weakening 0.15 percent to 48,463.72.
Asian regional stock markets this morning included the Nikkei index rising 1,394.76 points, or 2.40 percent, to 59,529.00, the Hang Seng index rising 276.68 points, or 1.07 percent, to 26,224.00, the Shanghai Composite index rising 19.01 points, or 0.47 percent, to 4,046.21, and the Straits Times index weakening 12.47 points, or 0.25 percent, to 5,008.73.
Read: JCI Gains 2.1% to 7,660 Amid Easing Global Geopolitical Tensions
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