XA Market Update – 1Q26 Of Landmines and Timebombs

XA Market Update

1Q26 Of Landmines and Timebombs

by : NHKSI Research Team

March 17, 2026

 

 

🔹 Global Macroupdate :

 

• The Donroe Doctrine – Gunboat Diplomacy

• A Coughing Dragon : Fading Mandate Of Heaven

• Spilling Over To South-East Asia

• 15% Global Tariffs

• U.S. Inflation And Jobs Reports

• The Rise of A.I. and Datacenter

• Warsh Replace Powell – A Hawkish Turn Or Surprise Dove?

 

 

 

🔹 Domestic Macroupdate :

 

• Indonesia Between BRICS and BOP

• Subsidies Pulled, APBN Overstretched

•  MoF Strives For De-Bottlenecking Initiatives

•  IDX Reforms

•  Danantara’s Investing Spree

•  Domestic Inflation From Commodity Price Rise

•  MSCI and FTSE Delays

•  Dependency On The U.S.

•  Indonesia In The Scope of Its SEA Peers

•  Yield Curve Show Signs of Slowdown

•  Outflows Persist at Manageable Levels

 

 

 

🔹 Sectoral-Driven Narratives :

 

• Data Center Expansion

• Oil and Gas Pumped-Up

 

 

 

Download full report HERE.