Indonesia Stocks Hit New Record, Log Strong Weekly Gains
Indonesia's IDX Composite reached a record high of 8,387, gaining 2.8% weekly. Investors remained optimistic despite weak Chinese trade data, supported by Indonesia's stable outlook and rising foreign reserves of USD 149.9 billion. The market was buoyed by stronger U.S. futures, with gains in healthcare, industrial, and consumer sectors. Notable stock increases included Indosat (8.9%) and Petrindo Jaya Kreasi (7.1%). However, caution prevailed ahead of upcoming Chinese CPI and PPI data, as well as Indonesia's consumer confidence report.
Trading Economics·