Market Review
IHSG on Thursday, June 4, 2026 opened down -0.36% and extended losses throughout the session, closing down 1.70% (-101.28 points) to 5,840. The rupiah breached the psychological level of IDR 18,034/USD, amplifying macro stability concerns. The primary catalyst was renewed US-Iran hostilities, triggering broad risk-off sentiment.
Asian markets closed broadly lower. KOSPI -1.84%, Nikkei 225 -1.36%, ASX 200 -1.13%, Shanghai -0.64%. The MSCI Asia ex-Japan index fell 1.6%, pressured by US-Iran re-escalation and stronger-than-expected US ISM Services PMI, raising concerns over supply shortages and higher prices ahead.
European markets opened mixed with a slight downside bias. STOXX 600 -0.05%, FTSE 100 flat, CAC 40 +0.01%, DAX +0.22%. Sentiment remained cautious amid ongoing US-Iran conflict, partially offset by the Israel-Lebanon ceasefire agreement reached Wednesday evening.
Regards, Aldiracita Research