FX.co ★ Indonesia Stocks Reverse Morning Losses

On Wednesday afternoon, Indonesia's IDX Composite experienced a rise of 44 points, or 0.5%, reaching 8,137. This upward trend marked a rebound from earlier declines, driven by improved market sentiment after record highs on Wall Street. The positive outlook was further boosted by encouraging reports from Nvidia, which announced AI chip bookings worth USD 500 billion. Additionally, hopes for easing tensions in Sino-U.S. trade relations contributed to increased risk appetite, as President Trump was already in South Korea in preparation for his upcoming meeting with President Xi Jinping on Thursday. Meanwhile, the U.S. Federal Reserve is anticipated to implement a rate cut of 25 basis points later today, consistent with the previous reduction in September.

Domestically, the introduction of new regulations authorizing the central government to provide loans directly to local authorities and state-owned enterprises represents a strategic shift. This move positions Jakarta as a development financier, aimed at enhancing infrastructure and strategic investments. The day's gains were primarily led by sectors such as healthcare, consumer durables, non-energy minerals, and financials. The top performers included Bumi Resources with an increase of 5.9%, Alamtri Mineral Indonesia rising by 3.8%, Aneka Tambang advancing 2.9%, and Bank Central Asia growing by 2.7%.