Indonesian equities rise 0.4% to 6,325 as trade truce steadies sentiment

  • Indonesian equities recovered as technology, cyclical and energy stocks led Friday’s gains.
  • Indonesian equities added 25 points, or 0.4%, to reach 6,325.
  • The market remained on course for a third consecutive weekly decline, down nearly 2%.

Indonesian equities gained 25 points, or 0.4%, to 6,325 in Friday morning trading, recovering part of the previous session’s sharp fall as technology, cyclical and energy stocks advanced. Sentiment improved after U.S. Treasury Secretary Scott Bessent confirmed that Washington and Beijing had agreed to extend their trade truce through Jan. 10, 2027. President Trump is hosting a state dinner for Chinese leader Xi Jinping, whose first Washington visit in more than a decade has placed artificial intelligence among the key discussion topics. Sumber Alfaria Trijaya, Indo Tambangraya Megah and Surya Citra Media were among the early gainers. Despite the rebound, Indonesian stocks were headed for a third consecutive weekly decline, down nearly 2% so far, as investors weighed elevated oil prices and their effect on public finances. Caution also increased ahead of August trade data and September inflation due next week. Annual inflation accelerated to 3.19% in August, driven by higher food costs associated with El Niño effects.

本网站上的信息是使用AI生成的,我们无法保证其准确性。 请仅作为参考信息使用。
Indonesian equities rise 0.4% to 6,325 as trade truce steadies sentiment - CoinPost Terminal