Jakarta Stocks Gain as Asian Markets Rally Despite Iran War
The Jakarta Composite Index rose 0.5% as Asian markets rallied despite ongoing US-Iran tensions. While motorcycle sales showed a slight rebound in June, retail sales continued to contract, signaling potential pressure on consumer spending.
Why it matters
Provides insight into the resilience of emerging market equities amidst geopolitical instability and domestic inflationary pressures.
July 10, 2026 | 9:15 am SHARE URL berhasil di salin. A trader points at an electronic board displaying market data at the Indonesia Stock Exchange (IDX) in Jakarta on Friday, March 6, 2026. (B-Universe Photo/David Gita Roza) Jakarta. Jakarta Composite Index (JCI) opened 0.5% higher on Friday, buoyed by a broad rally across Asian markets as global financial markets stabilized despite lingering uncertainty over the temporary US-Iran truce.
The benchmark index gained 30 points to 5,942, trading between 5,932 and 5,947. More than 903 million shares changed hands, with turnover reaching Rp 650 billion ($36 million) across over 282,000 transactions. A total of 322 stocks advanced, 129 declined, and 199 were unchanged.
Phintraco Sekuritas said domestic motorcycle sales rose 1.1% year-on-year to 515,136 units in June 2026, rebounding from a 5.1% contraction in May despite rising inflation and a higher Bank Indonesia benchmark rate.
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