February 24, 2026 | 06:11 pm
TEMPO.CO, Jakarta - Indonesia’s benchmark stock index closed sharply lower on Tuesday, as investors reacted to renewed uncertainty surrounding United States tariff policies.
The Composite Stock Price Index (IHSG) at the Indonesia Stock Exchange ended the session down 115.25 points, or 1.37 percent, at 8,280.83. The LQ45 index, which tracks 45 leading stocks, fell 10.13 points, or 1.19 percent, to 837.63.
“IHSG and the rupiah closed lower amid rising global uncertainty,” said Ratna Lim, head of research at Phintraco Sekuritas, in Jakarta on Tuesday, February 24, 2026, as quoted by Antara.
Ratna said uncertainty over U.S. tariff policy and expectations that U.S. interest rates will remain relatively tight pushed the U.S. dollar index higher.
The uncertainty also weighed on gold prices, which retreated from a three-week high amid profit-taking by investors.
U.S. President Donald Trump is scheduled to deliver his annual address before Congress, outlining the state of the nation and the administration’s policy direction, adding to market caution.
In Europe, investors are monitoring Germany’s GfK Consumer Confidence data for March 2026, projected to improve slightly to minus 23.8 from minus 24.1 previously. Euro area inflation for January is expected to ease to 1.7 percent year-on-year, down from 2 percent.
In Asia, the People's Bank of China kept its benchmark lending rates unchanged for a ninth consecutive month in February, maintaining the one-year loan prime rate at 3 percent and the five-year rate at 3.5 percent.
After opening higher, the IHSG slipped into negative territory during the first trading session and remained in the red through the close.
Sectorally, only the financial sector posted gains, rising 0.63 percent. Ten sectors declined, led by energy, which dropped 3.29 percent. The non-primary consumer goods and technology sectors fell 3.05 percent and 2.21 percent, respectively.
Top gainers included ASHA, AIMS, MEGA, TFAS, and PPRE, while SSTM, RMKO, INDS, BLUE, and SCNP posted the steepest losses.
Trading volume reached 58.06 billion shares across 3.36 million transactions, with a total value of Rp29.51 trillion (approximately US$1.90 billion). A total of 163 stocks advanced, 596 declined, and 199 were unchanged.
Across Asia, Japan’s Nikkei 225 rose 0.83 percent, China’s Shanghai Composite gained 0.87 percent, while Hong Kong’s Hang Seng Index fell 1.82 percent.
Malaysia’s FTSE Bursa Malaysia KLCI slipped 0.23 percent, and Singapore’s Straits Times Index declined 0.41 percent.
Read: Why the Indonesia-US Trade Pact Remains Vulnerable Despite 10% Tariff
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