FX.co ★ Indonesian Shares Track Wall Street Gains

Indonesian stocks rose 47 points, or 0.6%, to 8,328 in Wednesday’s morning session, rebounding from the sharp losses seen the previous day. The advance tracked overnight gains on Wall Street, driven by renewed optimism in the AI sector ahead of U.S. President Trump’s State of the Union address.

Locally, media reports indicated that the Finance Ministry will extend liquidity injections to banks for another six months, with backing from the central bank, in an effort to safeguard financial stability ahead of the Eid al-Fitr holiday. In China, a key trading partner, the PBoC left its loan prime rates at record lows for a ninth consecutive month to support economic growth.

Gains in Jakarta were limited, however, by investor caution ahead of next week’s domestic data releases, including February inflation and January trade figures. Sector-wise, healthcare, basic materials, and cyclical stocks advanced, while technology and energy shares lagged. Early notable movers included Alamtri Minerals (+5.0%), Vale Indonesia (+4.3%), Indosat (+3.4%), Mitra Adiperkasa (+1.7%), and Aneka Tambang (+1.4%).