Indonesia Stocks Extend Strength Ahead of Rate Decision
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Indonesia's IDX Composite rose 0.3% to 8,710, driven by gains in communications, consumer durables, and commercial services. The rise is supported by domestic sector rotation and selective risk appetite. The government is negotiating a trade deal with Mexico to avoid future tariffs, and has allocated IDR 60 trillion for disaster recovery in Sumatra. Bank Indonesia is expected to maintain interest rates to stabilize the rupiah. Gains were limited by a dip in U.S. futures and geopolitical tensions. Top performers included Aneka Tambang, Impack Pratama Industri, Alamtri Resources, and Bank Rakyat Indonesia.
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