Weekly Market Recap 6-10 April 2026

Market Summary:

Global Equity:Markets continue rebound after US-Iran agreed on negotiations and Hormuz reopening.S&P500 +3.6% WoW
Domestic Equity: Indonesia rebounded on the back of de-escalation in the US-Iran war. JCI +6.14% WoW while IDX80 +5.4% WoW. Foreign recorded net inflow of IDR 1tn WoW
Domestic Bond Market: Indonesia 10Y yield continued rebound to 6.57%. Foreign recorded net inflow of IDR 4.8tn WoW

Key News of The Week:

Iran negotiations fell apartwithout any agreement with concerns on Iran’s nuclear program and sanctions. In reaction Donald Trump announced blockade on Hormuz Strait.
US Economy remains solid, albeit cautious, shown by solid services PMI of 54. Main risk remain on elevated inflation from the war which started showing with March CPI returning strongest monthly increased since 2022 with +0.9% MoM, driven by gasoline prices (+21% YoY).
Fed sees Iran as risk to both inflation and labor market, as stated in the released FOMC minutes. This conflict would complicate policy outlook.
Indonesia government continues to dampen war impact with IDR 2.6n passed to subsidize airline tickets. Additionally, the government solidified B50 roadmap with initial stage in July 2026 and targeting full implementation in 2028.
However, Iran War started to show impact to Indonesia with March 2026 FX reserves falling to USD 148bn (prev: 151.9bn) and consumer confidence declining to 122.9 (prev: 125.1), lowest since October 2025.

Our View

The breakdown in US-Iran negotiations increased short-term risks as markets start to price in re-escalation. Key monitoring channel would include Iran’s posture on The Hormuz Strait.

Portfolio wise we are positioned to hedge for geopolitical uncertainty. We see opportunity within sector selection and would begin positioning and avoid speculative position. We remain tactical on cash to be opportunistic on bottom fishing

Product recommendation:

RD MISB, RD MMUSD, RD IDAMAN, RD MIDU, RD MIDSYA, RD MGSED, RD MASED, RD FTSE, ETF LQ45, ETF SRI Kehati, MICB.

Discover a detailed analysis of this week’s market performance in our comprehensive Weekly Market Recap: Read More

PRODUCT

3M PERFORMANCE

YTD PERFORMANCE

JCI

-16.54%

-13.74%

LQ45

-14.00%

-11.82%

EQUTY

MITRA A

-11.71%

-8.88%

MICB A

-9.29%

-7.42%

ASEAN5

-12.11%

-9.26%

MGSED

+0.77%

+2.99%

INDEX

FTSE ESG A

-11.94%

-10.94%

ETF

XMLF

-11.94%

-10.94%

BALANCED

MISB

-6.42%

-2.95%

MIA

-8.89%

-5.68%

FIXED INCOME

MIDU A

-0.69%

-0.94%

MIDO2

-1.16%

-1.52%

IDAMAN A

-1.20%

-1.42%

MONEY MARKET

MIPU A

+0.83%

+0.70%

MMUSD

+ 0.79%

+0.68%

*The data above is as of April 10th, 2026

For More Information

Contact Mandiri Investasi – (021) 526 3505
Email Mandiri Investasi – [email protected]
Mandiri Investasi – mandiri-investasi.co.id

DISCLAIMER‌
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The information and opinions expressed in this article are for general informational purposes only and are not intended as specific advice or recommendations for any individual, security, or investment product. The content is meant to provide education about the financial industry. Opinions and views presented may change without prior notice. All performance data and investment returns mentioned in this article should not be used as a guarantee or basis for decisions to buy or sell any securities. The data reflects historical performance and does not guarantee future results. Investing in mutual funds carries risks. Investors are advised to carefully read and understand the prospectus before making any investment decisions.

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