Jakarta. Indonesian stocks opened sharply higher on Tuesday, rebounding 1.44% as easing Middle East tensions and falling oil prices boosted global risk appetite after US President Donald Trump signaled the war with Iran may not last long.

Jakarta Composite Index (JCI) jumped 105.67 points to 7,443.04 at the opening bell, trading within the 7,443–7,472 range in early deals.

Data from RTI showed 1.54 billion shares had changed hands in the first minutes of trading, with transaction value reaching Rp 1 trillion ($59 million) across 79,445 trades. Market breadth was positive, with 395 stocks rising, 93 declining, and 146 unchanged.

Analysts at BRI Danareksa Sekuritas (BRIDS) said global sentiment improved after US President Donald Trump signaled that the war against Iran may not last long.

According to BRIDS, Trump described the military campaign as already “very complete, pretty much,” indicating that operations may wind down sooner than expected.

“This statement immediately triggered positive sentiment across global markets,” the brokerage said in a report Tuesday morning.

US stocks rallied on Monday after an early sell-off, as investors began anticipating possible geopolitical de-escalation. The S&P 500 swung from a 1.5% loss to a 0.8% gain, while the Dow Jones Industrial Average reversed a nearly 900-point plunge to close up 239 points (0.5%). The Nasdaq Composite climbed 1.4%.

Oil prices also retreated sharply to around $86 per barrel, after previously spiking above $110 amid fears of supply disruptions.

BRIDS noted that markets are increasingly pricing in a scenario of geopolitical de-escalation, which could ease pressure on energy inflation and reduce global market volatility.

The brokerage added that the JCI may extend a technical rebound as oil prices cool following discussions among G7 countries about releasing strategic oil reserves, while several domestic stocks have already entered support and oversold areas.

Separately, Kiwoom Sekuritas Indonesia said the United States has granted a temporary 30-day waiver allowing the sale of Russian oil stranded at sea to India. Washington is also considering releasing crude from its Strategic Petroleum Reserve, which currently holds around 415 million barrels.

Despite improving sentiment, Kiwoom warned that volatility could remain high as markets continue monitoring two key risks: potential disruptions to energy shipments through the Strait of Hormuz, which carries about 20% of global oil trade, and the possibility of stagflation following softer US labor market data last week.

“Market conditions suggest a highly speculative buy opportunity, but investors should maintain strict money and risk management discipline ahead of the long Idul Fitri holiday,” Kiwoom wrote in its report.

From the domestic front, Bank Indonesia’s Consumer Confidence Index slipped to 125.2 in February 2026, down from 127.0 in January, though it remains firmly in the optimistic zone above 100.

The decline mainly reflected weaker expectations, with the Consumer Expectation Index falling to 134.4 from 138.8, while the Current Economic Condition Index edged up to 115.9, indicating continued optimism across income and age groups.

Regionally, Asian markets traded strongly higher as of 9:42 a.m. Jakarta time. Japan’s Nikkei surged 3.16% to 54,382, while South Korea’s Kospi jumped 6.19% to 5,577. Hong Kong’s Hang Seng Index rose 1.22% to 25,718, and China’s Shanghai SSE gained 0.36% to 4,111.

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