FX.co ★ Indonesia Stocks Trade Notably Higher

In the morning trading session on Tuesday, Indonesia's IDX Composite saw a 0.7% increase, gaining 60 points to reach 8,946. This upward movement marked a recovery from the weakness observed in the previous session. The rally was broadly driven by gains in sectors such as basic materials, energy, and industry. Positive sentiment was boosted by the overnight performance on Wall Street, where both the S&P 500 and the Dow Jones hit new record highs as traders disregarded concerns around political discussions about the Federal Reserve's independence. On the domestic front, President Prabowo Subianto unveiled strategies to rejuvenate the textile industry and expand the production of automotive chips, as part of Indonesia's initiative to upgrade its industrial capabilities. However, the gains were moderated by recent reports that showed a 6.8% year-on-year decline in total vehicle sales in Indonesia for 2025, indicating ongoing market challenges despite robust sales observed in December. Additionally, traders were cautiously awaiting crucial economic data from China's December trade figures and fourth-quarter GDP readings later this week. Noteworthy performers included Merdeka Copper Gold with a rise of 6.2%, Sentul City at 4.9%, Timah Tbk. up 3.2%, and Alamtri Minerals Indonesia gaining 2.3%.