Market Review
Wall Street retreated on Wednesday as renewed US-Iran clashes in the Gulf drove oil prices sharply higher and pressured tech, communications, and financial sectors. The S&P 500 fell 0.74%, the Nasdaq lost 0.89%, and the Dow Jones dropped 1.21%. In Europe, the STOXX 600 slipped 0.50% amid oil-related inflation concerns and fresh US tariff threats on multiple trading partners.
Brent crude settled at USD 96.00/barrel, up 1.89%, as Iran-US strikes eroded deal prospects for reopening the Strait of Hormuz. US Cushing inventories fell for a sixth consecutive week to near minimum operating levels. Gold slipped to USD 4,489.10/oz, down 1.17%, as elevated energy prices reinforced hawkish Fed expectations.
The JCI closed down 4.11% to 5,941, its lowest close since June 2021, as materials and basic resources stocks led broad-based selling. The rupiah weakened to IDR 17,838/USD. Foreign investors recorded net sells of IDR 993 billion on the session.
News Highlights
- Global – US and Iran Clash in Kuwait, Bahrain
- BEI – JCI Hits Five-Year Low on Multiple Risks
- BALI – Extends Rp100 Billion Loan to Subsidiary
- BINA – Plans Private Placement of 80 Million Shares
- GOTO – Responds to FTSE Exit and BEI Reclassification
- INKP – To Repay IDR 2.36 Trillion Bond and Sukuk
- NPGF – Shares Surge 137% on Acquisition Rumor
- PYFA – Expands Capacity on Solid Q1 2026 Results
- SINI – Rights Issue Rp3.6T, PTRO as Standby Buyer
- SULI – Revenue Decline Strains Operational Finances
Regards, Aldiracita Research
