FX.co ★ Indonesia Stocks Trade Modestly Higher

Indonesia’s IDX Composite rose 25 points, or 0.4%, to 6,064 on Wednesday morning, rebounding from a lackluster previous session. The advance was supported by a modest uptick in U.S. stock futures, after cooler-than-expected inflation data sharply reduced the odds of a July interest rate hike.

Domestically, sentiment improved following the government’s plan to relax nickel production quotas, a move expected to attract additional foreign capital into downstream-focused mining companies. PT Freeport Indonesia also projected a USD 2.6 billion contribution to state revenues in 2026 through taxes, royalties, and dividends.

Upside momentum, however, was capped by weak economic data from China, where Q2 GDP growth slowed to its lowest pace in three and a half years, highlighting an uneven recovery in Indonesia’s largest trading partner. Investors also remained cautious amid heightened geopolitical risks after fresh U.S. strikes on Tehran and Washington’s reimposition of a naval blockade near the Strait of Hormuz.

Notable gainers included Aneka Tambang, up 3.8%, Darma Henwa, up 2.2%, and Bank Mandiri, which added 1.2%.