FX.co ★ Indonesia Shares Fall Again, Second Monthly Decline in Sight

Indonesian stocks fell 58 points, or 0.7%, to 8,174 in Friday morning trade, extending losses for a second session. The decline tracked weakness in U.S. futures after Wall Street closed mostly lower overnight, with Nvidia’s strong earnings failing to significantly improve investor sentiment. Caution also prevailed ahead of key domestic data releases next week, including February inflation and January trade figures, while upcoming PMI readings from China added to concerns that the week-long Spring Festival may have weighed on manufacturing and services activity. On the trade front, U.S. President Trump imposed a 104% tariff on Indonesian solar products, citing subsidies that allegedly disadvantage U.S. producers. Most sectors retreated, led by energy, financials, and transportation. Among notable decliners were United Tractor (-3.5%), Indofood Sukses Makmur (-2.6%), and Barito Pacific (-1.5%). The market is on track for its first weekly loss in three weeks, contributing to a second straight monthly decline of about 1.7% so far.