Jakarta. Jakarta Composite Index (IDX) reversed course late on Friday, closing lower at 8,370 despite spending most of the session in positive territory. Pilarmas Investindo Sekuritas said the index “stood out alone” amid a broad slump across Asian markets, supported mainly by domestic sentiment.

The benchmark moved within an 8,360–8,417 range. Trading volume reached 45.09 billion shares, with a turnover of Rp 20.67 trillion ($1.24 billion) across more than 2.46 million transactions. 221 stocks advanced, 458 declined, and 136 were flat.

Pilarmas highlighted that sentiment improved after the government set its 2026 budget deficit target at 2.68 percent of gross domestic product, higher than the Finance Ministry’s comfort range of 2.45–2.53 percent.

“This adjustment is meant to accommodate larger fiscal transfers to regions to push economic growth,” Pilarmas wrote. The brokerage added that although elevated, the deficit outlook remains below the 3 percent statutory cap.

The firm also noted that gains in several LQ45 index members and expectations of December window dressing helped lift the market earlier in the day.

Asian equities, however, dragged overall sentiment lower ahead of the weekend. Pilarmas said regional investors turned defensive on uncertainty surrounding upcoming US economic data, a more cautious tone from Federal Reserve officials, and signs of slowing growth in China.

The mood remained subdued even after President Donald Trump signed legislation to end the 43-day US government shutdown, with markets still waiting for fresh US data.

Global markets mirrored the risk-off tone. Asian shares tracked Wall Street’s sharp drop on Thursday, one of its worst sessions since April, as Nvidia and other AI-driven stocks extended their pullback over valuation worries.

South Korea’s Kospi plunged 3.8 percent to 4,011.57, weighed by tech heavyweights: Samsung Electronics tumbled 5.5 percent, SK Hynix slid 8.5 percent, and LG Energy Solutions lost 4.4 percent.

Japan’s Nikkei 225 slipped 1.8 percent to 50,376.53, led by a 6.6 percent drop in SoftBank Group.

Hong Kong’s Hang Seng dropped 2 percent to 26,539.74, while the Shanghai Composite eased 1 percent to 3,990.49.

Fresh data showed China’s October factory output rose 4.9 percent year-on-year, a 14-month low, from 6.5 percent in September, missing expectations of 5.5 percent. Fixed-asset investment fell 1.7 percent in the January–October period.

Australia’s S&P/ASX 200 sank 1.4 percent to 8,634.50 after strong jobs data tempered hopes for near-term rate cuts.

Wall Street also had a rough Thursday. The S&P 500 slumped 1.7 percent, extending its slide from a record high set late last month. The Dow Jones Industrial Average fell 1.7 percent from its fresh peak, while the Nasdaq lost 2.3 percent. Nvidia dropped 3.6 percent, dragging the broader AI sector, which analysts warn is starting to resemble the 2000 dot-com bubble.

Back on the IDX, Lion Metal Works (LION) topped the gainers' list, jumping 25 percent. Cahayasakti Investindo Sukses (CSIS) rose 24.85 percent, Guna Timur Raya (TRUK) gained 24.75 percent, and Puri Global Sukses (PURI) added 24.72 percent.

On the laggards’ side, Sumber Energi Andalan (ITMA) sank 14.99 percent, Tira Austenite (TIRA) slipped 14.91 percent, while Gowa Makassar Tourism Develop (GMTD) and Estika Tata Tiara (BEEF) fell 14.90 percent and 14.74 percent, respectively.