FX.co ★ Indonesia Shares Rise Further

Indonesia's IDX Composite increased by 25 points, or 0.3%, reaching 8,299 in early trading on Tuesday, continuing the upward momentum from the previous session. This rise was fueled by strong performances in health technology, utilities, and industrial services sectors. The positive sentiment was bolstered by October marking the third consecutive month of manufacturing growth. Additionally, domestic economic data revealed that inflation remained within Bank Indonesia's target range of 1.5% to 3.5%, allowing the central bank to maintain its accommodative policy while keeping a vigilant eye on potential inflationary pressures from volatile energy and food prices. September also saw exports growing at the fastest rate in seven months and imports at their highest in five months. However, the upswing was tempered by investor caution ahead of the release of Indonesia's Q3 GDP figures expected later this week. In the United States, stock futures declined following the S&P 500 and Nasdaq's gains from the previous day, which had been driven by the announcement of a long-term strategic alliance between Amazon and OpenAI. Early leaders in the market included Petrosea, which rose by 6.2%, Impack Pratama Industri, up by 4.0%, and Japfa Comfeed, which increased by 1.6%.