MARKET REVIEW
The JCI opened firmer at 6,447 as US–China trade-talk optimism lifted Asian risk appetite. The rebound failed as domestic investors turned defensive before Bank Indonesia’s September 22–23 meeting, with the rupiah weakening toward 17,847/USD and US 10-year yields near 5% after Fed and BOJ rate hikes. Late selling in BYAN, BBCA, TLKM, BMRI, and BRMS dragged the index 0.88% lower to 6,385.
Asian equities broadly advanced after productive US–China discussions ahead of the Trump–Xi meeting boosted sentiment and AI-linked technology shares. KOSPI rose 1.65%, Nikkei gained 1.38%, Hang Seng added 1.18%, and Shenzhen climbed 1.04%, while falling oil prices provided additional relief.
European markets opened higher as weaker oil prices eased inflation concerns and supported risk assets. Euro Stoxx 50 gained 1.29%, while FTSE 100 rose 0.72%, led by banks and technology shares amid lower bond yields.
NEWS HIGHLIGHTS
- Global – Vietnam Joins FTSE Emerging Index
- OJK – Pension Funds May Invest Abroad
- OJK – Sets BEI Demutualization Rules
- OJK – Sets Mineral Exchange Trading Stages
- Domestic – Hashim Group Wins Natuna Block
- AMMN – Swings to USD 504mn Profit
- BYAN – Units Gain Larger Coal Quotas
- HEXA – Declares USD 11.2mn Cash Dividend
- KAQI – Opens Kudus Workshop Branch
- PTPP – Faces PKPU Amid Merger Plan
- SCNP – Uses Treasury Shares for Float
- SMDR – Injects IDR 40.7bn Into Subsidiaries
Regards, Aldiracita Research
