IHSG Rebounds to 8,059 Amid Energy Volatility and Impacts of US-Israel-Iran Conflict

RRI.CO.ID, Jakarta – The Indonesian capital market showed signs of resilience during Tuesday's trading on March 3, 2026. The Indonesia’s Composite Stock Price Index (IHSG) successfully bounced back, gaining 0.93% or rising 74.27 points to reach the 8,059.87 level.

On the previous day, Monday, the index fell sharply with a 2.65% correction to the 8,016.833 level. The decline at the start of the week occurred simultaneously with the developing security situation in the Middle East.

The momentum of massive selling pressure in the capital market emerged following reports regarding military operations in Iranian territory that have been ongoing since February 28, 2026.

This market dynamic also coincided with increased market attention toward concerns over the flow of trade in the strategic Strait of Hormuz, which led to a rise in oil and energy commodity prices.

Despite the IHSG’s recovery efforts, global stock exchanges remain overshadowed by high uncertainty. In the Asian region, Japan’s Nikkei 225 index still recorded a correction of 1.35%, reflecting investor concerns in the energy-importing nation.

This negative sentiment was further compounded by a significant surge in global energy commodity prices.

Brent crude oil was observed jumping to the $77.74 per barrel range, while West Texas Intermediate (WTI) stood at $71.23 per barrel. At the same time, safe-haven assets became the preferred choice.

Global gold prices continued to set new record highs, breaking into the $5,350 per ounce range, indicating a shift in capital flows toward lower-risk instruments.