FX.co ★ Indonesia Stocks Hit Near 11-Month High

On Wednesday morning, the IDX Composite increased by 76 points, or 1.0%, reaching 7,867. This marked the index's fourth consecutive session of gains and its highest level since September 19, 2024. The upward movement mirrored a rally seen on Wall Street the night before, driven by optimism around a potential interest rate reduction by the Federal Reserve at its forthcoming meeting, due to diminishing inflation concerns. Investor confidence was further bolstered by the decision of the United States and China to prolong their trade truce by an additional 90 days. The index was further strengthened by continued capital inflows, with Tuesday recording an inflow of IDR 2.2 trillion—the most substantial since July 29. Almost all sectors experienced positive growth, particularly technology and financials. Leading the charge were top performers such as DCI Indonesia (+10.0%), Bank Jago (3.6%), Telekom Indonesia (+2.5%), Astra International (+2.2%), and Bank Syariah Indonesia (+1.4%).