Jakarta. Jakarta Composite Index (JCI) opened higher on Monday, rising 37 points or 0.45 percent to 8,155, moving within the 8,152–8,176 range.

Market turnover reached Rp 1.3 trillion ($78.3 million) from 2.1 billion shares traded in 145,000 deals, with 266 stocks advancing, 184 declining, and 191 unchanged.

Equity Analyst at PT Indo Premier Sekuritas (IPOT), Imam Gunadi, said that global markets are still monitoring fiscal uncertainty in the United States following last week’s government shutdown. “Investors will closely watch remarks from Federal Reserve officials Raphael Bostic and Michelle Bowman, as well as the release of the FOMC Minutes on October 8,” Imam said on Monday.

He noted that the upcoming speeches could provide hints about the Fed’s next policy direction, as the US economy shows signs of softening and inflation continues to ease. Market participants are looking for signals on whether rates will remain elevated for longer or if there is room for earlier-than-expected easing.

In Asia, China’s economic momentum also remains in focus after its latest manufacturing PMI stayed above 50, signaling expansion. “Any indication of stronger growth in China could support commodity prices such as nickel, coal, and crude palm oil, which are highly relevant for Indonesia,” Imam added.

From the domestic front, this week’s sentiment will be driven by key data releases, Bank Indonesia’s September foreign exchange reserves on October 7 and August retail sales figures on October 9, which will provide a glimpse into household spending heading into the fourth quarter.

On Wall Street, the S&P 500 and Dow Jones Industrial Average closed at record highs on Friday, with the Dow adding 238.6 points, or 0.51 percent, to 46,758, as optimism persists despite the government shutdown delaying key data releases.

In Asia-Pacific, Japan’s Nikkei 225 jumped more than 4 percent to a fresh record high after the ruling Liberal Democratic Party elected hardline conservative Sanae Takaichi as its new leader, paving the way for Japan’s first female prime minister. Meanwhile, Chinese and South Korean markets were closed for holidays, while Hong Kong’s Hang Seng Index slipped 0.5 percent to 27,003.

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