Indonesia’s IDX Composite inched lower, hovering around 6,665 in early Thursday trade and extending prior losses as Wall Street’s third straight drop overnight weighed on sentiment. Escalating U.S.–Iran tensions lifted Brent above USD100/bbl, stoking inflation fears. Simultaneously, U.S. Treasury yields surged despite a larger-than-usual USD6 billion debt buyback. Locally, caution lingered over fiscal risks from high oil prices, though officials signaled the state budget stayed secure. Traders also braced for July retail sales data after June marked a third monthly decline. Still, losses were capped by August consumer sentiment, which hit a three-month high, driven by stronger household finances and a brighter economic outlook. Financials, health, and non-cyclicals dragged the benchmark, though gains in energy, tech, and basic materials capped losses. Notable decliners included Japfa Comfeed (-2.1%), Indika Energy (-1.6%), Bank Rakyat Indonesia (-1.2%), and Unilever Indonesia (-0.6%).