FX.co ★ Indonesia Shares Gain as Wall Street, China GDP Lift Sentiment

Indonesia’s IDX Composite advanced 46 points, or 0.6%, to 7,670 on Thursday morning, rebounding from the previous session’s weakness as U.S. equity futures firmed following an overnight rally on Wall Street. Risk sentiment improved after the White House described talks with Iran as “ongoing and productive.” At the same time, China’s robust Q1 GDP data reassured investors that Beijing has so far managed to absorb the economic shock from the Iran conflict with limited disruption, supported by ample oil reserves and targeted mitigation measures.

Confidence was further underpinned by Bank Indonesia, with Governor Perry Warjiyo reiterating the central bank’s commitment to policy stability during investor meetings in New York and Boston. Separately, the government pointed to endorsements of Indonesia’s economic resilience from the Asian Development Bank and FTSE Russell.

All major sectors traded in positive territory, led by healthcare, transportation, and cyclical stocks. Notable gainers included Aneka Tambang (up 2.0%), Telkom Indonesia (1.8%), Indofood Sukses Makmur (1.5%), and Indah Kiat (1.0%).