FX.co ★ Indonesia Shares Extend Strength

In early Wednesday trading, Indonesian equities increased by 47 points, or 0.5%, reaching 8,996. This rise extended gains from the previous session across a majority of sectors, especially in basic materials, cyclicals, and energy. Positive foreign investment inflows bolstered risk appetite, even as the rupiah weakened further. Concurrently, the government relied on strategic assets and institutions, such as Bank Indonesia and state-owned enterprises, to address budgetary limitations. However, the progress faced limitations due to caution leading up to December's trade data from China, Indonesia's primary trading partner, with expectations of weaker export and import figures. Additionally, U.S. futures affected the markets negatively following losses on Wall Street, which were influenced by lackluster inflation data and disappointing earnings from JPMorgan. Moreover, U.S.–China trade frictions resurfaced after President Trump indicated a potential imposition of 25% tariffs on countries conducting trade with Iran. Noteworthy performers in the early session included Aneka Tambang with a 4.6% rise, Trimegah Bangun Persada up by 4.0%, Bumi Resources Minerals at 3.3%, and Japfa Comfeed with a 1.8% increase.