FX.co ★ Indonesia Shares Hit Fresh High on Rate Hold, Current Account Surplus

Indonesia's IDX Composite surged by 73 points, or 0.9%, reaching a new high of 8,479 during early trading on Thursday. This marks the second consecutive day of gains following the central bank's decision to maintain its key interest rate at 4.75% on Wednesday, a move anticipated by the market. This decision comes amid expectations of continued mild inflation and efforts to stabilize the rupiah. Meanwhile, recent data reveals that Indonesia's current account shifted to a surplus in the third quarter of 2025, marking the first surplus in two and a half years and the highest since the third quarter of 2022. This was mainly driven by a robust non-oil trade surplus. In China, the People's Bank of China (PBoC) held lending rates at historically low levels for the sixth consecutive meeting, emphasizing its dovish monetary policy stance. On the global front, U.S. stock futures rose following Wall Street's recovery from a four-day losing streak, aided by Nvidia's earnings report, which alleviated concerns over AI valuations ahead of delayed employment data. Most IDX sectors saw gains, with communications and consumer durables leading, counterbalancing the weaker performance in healthcare and transport sectors. Notable gainers included Bukit Uluwatu Villa with a 9.4% rise, Indah Kiat Pulp & Paper climbing 3.0%, and Bank Negara Indonesia increasing by 1.8%.