No connection

Search Results

Markets Score 68 Neutral

Jakarta Composite Index Eyes Recovery Amid Geopolitical Tensions and Oil Surge

Apr 23, 2026 01:33 UTC
JCI, CL=F
Short term

The Indonesian stock market seeks to break a three-session losing streak as global investors weigh a U.S.-Iran ceasefire extension against ongoing maritime blockades. Strong performance in U.S. equities provides a positive backdrop, though crude oil prices have spiked due to supply concerns in the Strait of Hormuz.

  • JCI closed at 7,541.61 after a 0.24% daily drop
  • WTI crude rose to $93.21 per barrel
  • NASDAQ and S&P 500 hit record closing levels
  • US-Iran ceasefire extended despite continued maritime blockades
  • Mixed performance in Indonesian banking and resource sectors

The Jakarta Composite Index (JCI) is attempting to stabilize after three consecutive sessions of declines, having shed more than 90 points, or 1.2%, during the period. The index closed Wednesday at 7,541.61, down 0.24%, as investors navigated mixed results across the finance and resource sectors. Market sentiment in Asia is currently leaning toward cautious optimism, largely mirroring a strong rally on Wall Street. The Dow Jones Industrial Average gained 0.69%, while the NASDAQ and S&P 500 both reached record highs, driven by corporate earnings strength and geopolitical developments. The rally in U.S. markets followed President Donald Trump's decision to extend a ceasefire with Iran. However, the U.S. continues to blockade maritime traffic at Iranian ports, and Iran has maintained that the Strait of Hormuz will remain closed. This tension drove West Texas Intermediate (WTI) crude for June delivery up 3.95% to $93.21 per barrel. Within the JCI, individual stock performance was highly fragmented. Bank Danamon Indonesia saw a massive 25% surge, and Astra International rose 4.35%. Conversely, Bank Rakyat Indonesia and Bank Central Asia both faced declines, while cement stocks provided a stabilizing floor for the broader index.

Sign up free to read the full analysis

Create a free account to unlock full AI-curated market articles, personalized alerts, and more.

Create Free Account Already have an account? Sign In
Share this article

Related Articles

Score 96 Bearish

US-Iran Standoff Escalates as Strait of Hormuz Blockades Intensify

Apr 23, 03:22

Score 55 Bullish

AI Infrastructure Demand Drives Surge in Chinese Optical Component Equities

Apr 23, 03:22

Score 62 Bearish

ASX 200 Slips as Mining and Tech Drag; Soul Patts and Brickworks Announce $14B Merger

Apr 23, 03:18

Score 38 Bearish

Asian Equities Diverge as Fed Tightening Fears and Geopolitical Tensions Persist

Apr 23, 02:56

Stay Ahead of the Markets

Join thousands of traders using AI-powered market intelligence. Get personalized insights, real-time alerts, and advanced analysis tools.

Get Started Free View Plans
Features Terminal AI Assistant Analysis Market News Pricing
Start Trading with AI Already have an account? Sign In
Home
Terminal
AI
Markets
Profile