FX.co ★ Indonesia Stocks Rebound as Airport Reopens

Indonesia’s IDX Composite rose 46 points, or 0.7%, to 6,663 in early Tuesday trading, halting a two-day decline on broad-based gains in transport, cyclical, and industrial stocks. Market sentiment improved following the reopening of the country’s main international airport, which had been closed for two days due to volcanic ash from Mount Anak Krakatau.

Fresh data also showed that foreign exchange reserves in August climbed to a five-month high, supported by government loan withdrawals. However, further upside was limited by caution ahead of key Chinese data releases, including August trade figures due later today and CPI/PPI reports expected later this week. Domestically, attention shifted to consumer confidence and July retail sales data.

At the same time, U.S. stock futures declined sharply amid heightened uncertainty in the Middle East. Early gainers on the local market included Merdeka Battery Materials (up 7.8%), Raharja Energi Cepu (6.0%), Sarana Menara Nusantara (4.4%), and Sarana Mitra Luas (3.3%).