FX.co ★ Indonesia Shares Pare Early Gains

Indonesian stocks climbed by 17 points, or 0.2%, reaching 8,179 on Thursday afternoon, marking gains for the second straight session driven primarily by the healthcare, producer manufacturing, and energy minerals sectors. The positive sentiment was bolstered by news that China and the U.S. have agreed to prolong their temporary trade truce for another year following a meeting between President Trump and Xi Jinping in South Korea. Meanwhile, the Federal Reserve reduced borrowing costs for the second time this year on Wednesday, aligning with market expectations. This development may boost capital inflows into Indonesian markets, as the interest rate differential remains attractive, and investor risk appetite heightens. Nevertheless, market gains were tempered by Fed Chair Powell's indication that a rate cut in December "is not a certainty." Additionally, some caution was evident ahead of China’s PMI data scheduled for release on Friday, as well as Indonesia's forthcoming trade and inflation statistics. Notable performers included Gojek Tokopedia, which rose 7.1%, HM Sampoerna with a 6.1% increase, Siloam International up 3.8%, and Mitra Keluarga Karyasehat, which gained 2.3%.