Jakarta. Indonesian stocks rebounded sharply on Tuesday as easing fears over a prolonged Middle East conflict boosted global risk appetite, after US President Donald Trump signaled the war with Iran could be nearing an end, helping oil prices retreat below $100 per barrel.

The Jakarta Composite Index (JCI) closed at 7,440, gaining 103 points or 1.41%, after moving within a range of 7,372 to 7,499.

Market activity remained strong, with trading volume reaching 36.26 billion shares, turnover totaling Rp 19.16 trillion ($1.13 billion), and more than 2 million transactions recorded. A total of 534 stocks advanced, 190 declined, and 93 remained unchanged.

Among the top gainers, Bank Artha Graha surged 32.67%, followed by Eka Sari Lorena which jumped 25.71%, MDTV Media rising 25%, and Alakasa Industri climbing 24.78%.

On the losing side, Hotel Sahid Jaya fell 14.89%, Indospring dropped 14.62%, Sekar Bumi declined 14.57%, and Hotel Fitra slipped 14.39%.

Analysts at Pilarmas Investindo Sekuritas said the JCI and Asian markets strengthened after comments from US President Donald Trump fueled expectations that tensions in the Middle East could ease. Pilarmas said the optimism emerged after Trump signaled that the war against Iran might soon end while outlining plans to keep oil prices under control.

“Additionally, there are reports about the possibility of easing oil sanctions on Russia and releasing emergency oil reserves owned by the US government,” Pilarmas wrote in a research note on Tuesday.

Pilarmas added that G7 ministers also said they are ready to release oil from strategic reserves if necessary. As a result, global oil prices quickly retreated to below $100 per barrel, after earlier climbing above that level.

From China, Pilarmas noted that the country posted a trade surplus of $213.62 billion in the first two months of 2026, beating market expectations of $196.6 billion.

Exports surged 21.8% year-on-year to $656.58 billion, accelerating sharply from 6.6% growth in December and far exceeding forecasts of 7.1%. “This surge marks the fastest growth in outbound shipments since October 2021, supported by strong global demand and a solid start to the year,” Pilarmas added.

Meanwhile, imports jumped 19.8% to $442.96 billion, far above the expected 6.3% increase and faster than the 5.7% rise in December. The figure marked the strongest import growth since early 2022, reflecting resilient domestic demand during the holiday season.

China combines January–February trade data to reduce distortions from shifting Lunar New Year holidays, which often slow economic activity.

Domestically, Pilarmas highlighted Bank Indonesia data showing consumer confidence remains firmly in optimistic territory. The Consumer Confidence Index (CCI) stood at 125.2 in February 2026, indicating households remain upbeat about the domestic economy.

Bank Indonesia also reported that the Retail Sales Index (IPR) grew 5.7% year-on-year in January 2026. “This achievement reflects stronger consumer demand at the start of the year,” Pilarmas said.

Across the region, Asian markets rebounded Tuesday after heavy losses a day earlier, as investors wagered that the conflict with Iran may not drag on for long.

Oil prices had surged close to $120 per barrel on Monday before retreating to around $90, helping calm investor nerves.

Adding to the optimism, Trump told CBS News he believes “the war is very complete, pretty much.” However, he also warned that stronger action could follow if Iran makes any “attempt to stop the globe’s oil supply.”

In Japan, the Nikkei 225 jumped 2.9% to 54,248.39 after revised data showed the country’s economy expanded at an annual pace of 1.3% in the final quarter of last year, stronger than the initial estimate of 0.2%, supported by solid business investment.

“Today is the rebound, obviously positive comments from President Trump overnight, we’re starting to see the light at the end of the tunnel for the war,” said Neil Newman, managing director and head of strategy at Astris Advisory Japan. “So volatility is going to remain with us but things are certainly looking a lot brighter today.”

Elsewhere in Asia, Hong Kong’s Hang Seng gained 2.1% to 25,937.59, while the Shanghai Composite Index rose 0.6% to 4,120.45.

On Wall Street overnight, markets staged a dramatic turnaround. The S&P 500 swung from a 1.5% loss to a 0.8% gain, ending at 6,795.99.

The Dow Jones Industrial Average recovered from a plunge of nearly 900 points to close 239 points higher, or 0.5%, at 47,740, while the Nasdaq Composite advanced 1.4% to 22,695.

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