Jakarta. Indonesian stocks opened the week on a firm footing, with the Jakarta Composite Index (JCI) jumping 44.73 points, or 0.52 percent, to 8,705.23 on Monday morning, even as Wall Street and most Asian markets retreated amid a sell-off in heavyweight technology stocks.

The benchmark index traded in the green within a range of 8,671–8,715 in early dealings.

RTI data showed 2.04 billion shares had changed hands, with a turnover of Rp 2.04 trillion ($122.46 million) across 240,357 transactions. Market breadth was mixed, with 263 stocks advancing, 238 declining, and 175 moving sideways.

Pilarmas Investindo Sekuritas said sentiment was supported by expectations that China would continue maintaining policy support for its economy, although without rolling out fresh stimulus next year. Beijing was seen remaining cautious and avoiding an escalation of tariff tensions, while prioritizing long-term growth. China’s exports remained robust, with its trade surplus topping $1 trillion for the first time, alongside government efforts to ease fiscal pressure on local administrations and actively manage regional debt risks.

On the monetary front, Pilarmas noted China was expected to focus on reviving weak domestic demand and tackling persistent deflation. Policymakers were likely to move cautiously after earlier missteps slowed loan growth, with an emphasis on managing the ongoing economic transition to support sustainable growth.

From the domestic side, Pilarmas highlighted that Indonesia’s reciprocal trade agreement with the United States remained on track. Negotiations have been accelerated, with both governments targeting completion before the end of 2025. Once finalized, the deal was expected to support exports, improve market-access certainty, and attract US investment, particularly in line with Indonesia’s downstreaming and industrialization agenda. However, Pilarmas cautioned that domestic industry readiness would be key to ensuring the benefits are realized sustainably amid global uncertainty.

Overnight, Wall Street pulled back from record highs as renewed selling pressure hit artificial-intelligence-related stocks. The S&P 500 slid 1.1 percent, its worst session in three weeks, while the tech-heavy Nasdaq Composite tumbled 1.7 percent. The Dow Jones Industrial Average fell 245 points, or 0.5 percent, after setting a record a day earlier. In total, the S&P 500 dropped 73.59 points to 6,827, the Dow lost 245.96 points to 48,458, and the Nasdaq sank 398.69 points to 23,195.

Asian markets also moved lower. Japan’s Nikkei shed 484 points to 50,352, South Korea’s Kospi fell 114 points to 4,053, Hong Kong’s Hang Seng slipped 258 points to 25,718, and Shanghai’s SSE Composite declined 24 points to 3,865.

Back on the domestic bourse, the Indonesia Stock Exchange said it lifted trading suspensions on three stocks on Monday, Bakrie & Brothers (BNBR), Capitol Nusantara Indonesia (CANI), and Lima Dua Lima Tiga (LUCY), as part of a cooling-down measure aimed at protecting investors.

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