IHSG Climbs 2.75% as Markets React to US-Iran Peace Proposal

2 hours ago 1

March 25, 2026 | 07:58 pm

TEMPO.CO, Jakarta - The Indonesia Stock Exchange’s (IDX) Composite Index (IHSG) closed higher on Wednesday afternoon, fueled by reports that the United States had sent a 15-point proposal to Iran aimed at ending the ongoing conflict.

The IHSG gained 195.28 points, or 2.75 percent, to 7,302.12, while the LQ45 index of 45 top stocks rose 24.04 points, or 3.33 percent, to 764.45.

“Asian markets were largely driven by gains amid rising optimism over a potential resolution of the Middle East conflict, following reports that the U.S. is pursuing talks with Iran,” said Maximilianus Nico Demus, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, in Jakarta.

The New York Times reported that Washington sent a 15-point proposal to Tehran to resolve the conflict, while Israeli media said the U.S. is pushing for a one-month ceasefire to facilitate negotiations.

Additional reports indicate that the U.S. and regional mediators are considering holding peace talks with Iran as early as Thursday (March 26), pending Tehran’s response.

The news also prompted a correction in global crude oil prices, with WTI crude down about 5 percent to US$87 per barrel, and Brent crude falling more than 6 percent to US$98 per barrel on Wednesday afternoon.

Domestically, Finance Minister Purbaya Yudhi Sadewa said efficiency measures across several ministries to cut non-essential spending could save the government around Rp80 trillion. The National Nutrition Agency has also proposed reducing daily meal distribution frequency, potentially saving another Rp40 trillion, pending President Prabowo Subianto’s approval.

The government is reviewing strategies to mitigate the impact of rising global oil prices, including using surplus budget balances (SAL), optimizing taxes and non-tax state revenue (PNBP), promoting energy savings, implementing Work From Home (WFH), and limiting ministry spending.

After opening lower, the IHSG climbed into positive territory by the first trading session and maintained gains through market close. Sectoral performance showed nine sectors rising, led by industrials (+5.98%), energy (+5.15%), and consumer goods (+3.84%), while basic materials (-0.17%) and healthcare (-0.12%) declined.

Top gainers included ESTI, ICON, BELL, WOWS, and SOTS, while ROCK, NZIA, ALKA, PSDN, and EMAS led decliners. A total of 2,130,470 trades exchanged 38.44 billion shares valued at Rp25.92 trillion, with 574 stocks rising, 148 falling, and 101 unchanged.

Regional Asian markets also advanced: Nikkei +2.82% to 53,727, Shanghai +1.30% to 3,931.84, Hang Seng +1.09% to 25,335.95, and Straits Times +0.87% to 4,904.54.

Read: Rupiah Weakens as Hormuz Closure Fuels Risk-Off Sentiment

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