Jakarta. Indonesia’s benchmark Jakarta Composite Index (JCI) closed lower on Monday, shedding 30 points or 0.37 percent to finish at 8,227, as global markets tumbled amid renewed trade tensions between the United States and China.

RTI data shows the index moved between 8,133 and 8,288 throughout the day, with a total trading volume of 42.5 billion shares worth Rp 27.3 trillion ($1.6 billion) across 2.8 million transactions. A total of 240 stocks advanced, 438 declined, and 126 were unchanged.

Among the top gainers were software and IT services company Wir Asia (WIRG), which jumped 16.18 percent; palm oil plantation firm Eagle High Plantations (BWPT), which rose 15.11 percent; mining company Bumi Resources Minerals (BRMS), which gained 14.36 percent; and the country’s flag carrier Garuda Indonesia (GIAA), which climbed 9.57 percent.

From the domestic front, Pilarmas Sekuritas noted a positive catalyst from foreign capital inflows during the second week of October 2025. Bank Indonesia reported that total foreign inflows reached Rp 6.43 trillion, signaling that global investors are gradually returning to Indonesia’s equity market.

“This shows that foreign investors have started to accumulate positions, indicating a gradual re-entry into Indonesian stocks,” Pilarmas said.

However, investor sentiment remained cautious following renewed tensions between Washington and Beijing. China recently defended its new export restrictions on rare earth minerals and warned of countermeasures against U.S. tariffs, raising concerns over a potential escalation that could disrupt global supply chains, particularly in the semiconductor sector.

“Markets fear that President Donald Trump’s latest tariff threats against China could reignite trade hostilities, adding uncertainty to a fragile ceasefire between the two economies,” Pilarmas added.

Across Asia, regional markets slipped as the trade dispute overshadowed optimism from China’s latest export figures. The Hang Seng Index plunged 2.2 percent to 25,700.07, while the Shanghai Composite inched down 0.2 percent to 3,889.50. South Korea’s Kospi dropped 0.7 percent to 3,584.55.

On Wall Street, major indexes fell sharply on Friday, with the S&P 500 losing 2.7 percent, its worst performance since April, to close at 6,552.51. The Dow Jones Industrial Average slid 1.9 percent to 45,479.60, and the Nasdaq Composite tumbled 3.6 percent to 22,204.43.

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