Jakarta. Jakarta Composite Index (JCI) spent the entire Monday session in positive territory, closing 1.36 percent higher at 8,208, boosted by optimism over signs of easing trade tensions between the United States and China and upbeat domestic manufacturing data.
The benchmark index gained 111.21 points, moving within a range of 8,201 to 8,282 throughout the day.
Trading volume reached 23.41 billion shares, with a total turnover of Rp 15.9 trillion ($953 million), across 2.1 million transactions. Market breadth showed 353 stocks up, 291 down, and 199 unchanged.
According to Pilarmas Investindo Sekuritas, investors welcomed statements from the White House suggesting that China would suspend new export controls on rare earth metals and end an investigation into US semiconductor firms. In exchange, Washington would roll back certain tariffs and cancel a proposed 100-percent levy on Chinese exports.
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Beijing also agreed to purchase 12 million metric tons of soybeans this season and at least 25 million tons annually for the next three years, in a move aimed at calming global markets after months of escalating trade friction. The deal followed last week’s high-profile Trump–Xi summit, which sought to stabilize relations between the world’s two largest economies.
Still, analysts noted mixed signals from China’s economy. The RatingDog China General Manufacturing PMI slipped to 50.6 in October from 51.2 a month earlier, while the official PMI also fell below the expansion threshold to 49, underscoring slower factory activity and waning export demand.
Across Asia, stock markets broadly gained on the trade truce optimism. The Kospi in Seoul surged 2.8 percent to a record 4,221.87, driven by technology shares. SK Hynix soared 11 percent after announcing a collaboration with Nvidia on AI infrastructure, while Samsung Electronics climbed 3.4 percent.
In Hong Kong, the Hang Seng Index rose 1.1 percent to 26,183.60, supported by tech stocks but weighed down by jewelry retailers after the Chinese government cut tax rebates on gold sales, sending Chow Tai Fook Jewellery Group tumbling 8.7 percent.
The Shanghai Composite gained 0.5 percent to 3,973.10, while Japan’s markets were closed for a holiday.
On Wall Street, the rally extended from Friday’s session, with Amazon jumping 9.6 percent on stronger-than-expected earnings, lifting the S&P 500 by 0.3 percent to 6,840.20. The Dow Jones Industrial Average edged up 0.1 percent to 47,562.87, and the Nasdaq Composite rose 0.6 percent to 23,724.96.
Back home, sentiment was further buoyed by domestic data. The S&P Global Indonesia Manufacturing PMI climbed to 51.2 in October, up from 50.4 in September, signaling continued expansion in factory activity on the back of stronger new orders.
Bank Indonesia reported Rp 1 trillion in foreign capital inflows into local financial markets between October 27 and 30. Meanwhile, the Central Statistics Agency (BPS) confirmed a $4.34 billion trade surplus in September and an October inflation rate of 2.86 percent year-on-year, keeping price pressures within the central bank’s target range of 1.5–3.5 percent.
On the Indonesia Stock Exchange (IDX), today’s top gainers included Kedaung Indah Can (KICI), which surged 34.72 percent, followed by Trimegah Karya Pratama (UVCR) up 33.78 percent, and Anabatic Technologies (ATIC) as well as Supra Boga Lestari (RANC), both climbing 25 percent.
Meanwhile, among the day’s decliners, Jaya Sukses Makmur Sentosa (RISE) fell 14.97 percent, Dwi Guna Laksana (DWGL) dropped 14.72 percent, Sarana Mitra (SMIL) declined 14.40 percent, and Link Net (LINK) slid 11.73 percent.
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