Gotrade News - Asian stock markets experienced a significant downturn on Tuesday (March 31) due to the Iran conflict, which triggered a spike in energy costs. This situation wiped out all the gains made this year, pressuring the MSCI Asia Pacific index by 1.1% in the morning.
The Middle East war has raised concerns about rising inflation, while the global economic outlook slows. Technology stocks like Samsung and SK Hynix were hit hardest by this situation.
The MSCI index for emerging markets also came under pressure, erasing the gains seen throughout 2026. Earlier in the year, there was optimism thanks to the surge in AI infrastructure stock prices.
This shift reflects market volatility, where previous record-high gains in Asian markets from February have now vanished. Investors are now more cautious amid monetary policy uncertainty.
In contrast to the downturn in Asian markets, Indonesia's JCI opened trading today with a rise of 0.44%, reaching a level of 7,122. This rebound signal is supported by the energy sector, buoyed by rising commodity prices.
A source from BRI Danareksa Sekuritas revealed that US-Iran tensions are driving up oil and coal prices, offering a positive sentiment for the energy sector within the JCI.
Technically, the JCI is showing a double bottom pattern, sparking hopes of short-term stabilization above the 7,000 level. This indicates that Indonesia's domestic market has resilience despite the turbulence affecting other Asian markets.
Today's trading saw a share volume of 810 million with a total transaction value of Rp509 billion, marking relatively good market enthusiasm amid global uncertainties.
Current market conditions display a contrast between regional policies and sentiments in Asia, where the JCI may offer opportunities for local investors amid geopolitical instability.
Reference:
- Bloomberg Technoz, Bursa Asia Memerah, Keuntungan 2026 Lenyap Akibat Konflik Iran. Accessed on March 31, 2026
- Bloomberg Technoz, IHSG Dibuka Menguat, Sinyal Rebound Mulai Terlihat. Accessed on March 31, 2026
- Kompas, Asing Lepas Rp 686 Miliar, IHSG Tertekan Meski Berhasil Pangkas Koreksi. Accessed on March 31, 2026
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