After the end of the holiday in the Indonesian stock market, it rose by 0.6%. The government is considering taking measures to restrict energy consumption.

The local Indonesian market reopened after a long holiday, with the Jakarta Composite Index rising by 0.6% to 7151.02 points. The US dollar fell by 0.5% against the Indonesian rupiah, to 16895 rupiah. The energy shock sparked by the Middle East conflict has prompted governments in various Asian countries to take measures to deal with the crisis. Analyst Radhika Rao from DBS Group mentioned in a report that the Indonesian government is considering measures to restrict energy usage, such as work-from-home policies, restrictions on non-essential travel, and hybrid learning. She noted that currently fuel reserves are sufficient, but below the globally recommended benchmark level. She added that while cost increases are unlikely to fully pass through to retail fuel prices, continually rising input costs may push up inflation, thereby limiting the space for further monetary policy easing this year.