FX.co ★ Markets in Indonesia Reach Fresh Peak

In early trading on Friday, Indonesian shares advanced by 33 points, or 0.4%, reaching a new peak of 8,365. This marks the third consecutive session of gains, setting the stage for a robust weekly performance. The market mood brightened following reports that the U.S. Supreme Court might evaluate the legality of tariffs imposed during the Trump administration, enhancing global risk appetite. Domestically, Indonesia's short-term economic outlook remains stable, driven by consistent growth momentum, sufficient liquidity, and continued reform efforts. However, caution lingers due to concerns about slowing economic activity in China, Indonesia's primary trading partner, as anticipation builds for the release of October's trade data later today, along with CPI and PPI figures over the coming weekend. Locally, central bank data revealed that property prices increased at the slowest rate on record in the third quarter, despite a series of rate cuts since last year. Among the early market leaders were Elang Mahkota Teknologi, up 5.1%; Mitra Keluarga Karyasehat, climbing 4.3%; Kalbe Farma, rising 3.2%; and Golden Energy Mines, gaining 3.0%.