Inp.polri.go.id - Jakarta. The Jakarta Composite Index (IHSG) opened lower on Friday (13/3/2026), dropping 23.30 points or 0.32% to 7,338.82, as investors react to heightening global energy risks and expectations of a restrictive Federal Reserve policy.

“The IHSG faces significant upward resistance due to global sentiment and the upcoming long Eid al-Fitr holiday, as investors reduce portfolio positions to avoid market volatility during the break,” explained Liza Camelia Suryanata, the Head of Research at Kiwoom Sekuritas Indonesia, as cited by antaranews.com.

The market declined after a massive supply disruption in the Strait of Hormuz, where oil flow has nearly ceased due to the US-Iran conflict, pushing Brent crude to  USD 100.41 per barrel. 

This surge in energy prices has slashed hopes for US interest rate cuts, with the market now anticipating only minimal easing in 2026. Domestically, investor caution is further amplified by reports of the government withdrawing Rp 16 trillion from Bank Indonesia’s surplus to fund the state budget, sparking concerns regarding central bank independence and fiscal pressure.

(mg/inp/pr/rs)