Jakarta. Indonesia’s benchmark Jakarta Composite Index (JCI) opened slightly higher on Thursday, inching up 13 points or 0.16 percent to 8,064 in early trading. The index moved in a narrow range between 8,030 and 8,086, staying in the green zone throughout the morning session.

RTI data showed that 1.5 billion shares worth Rp 1.5 trillion ($90.5 million) were traded across 154 thousand deals. Of the traded stocks, 268 advanced, 179 declined, and 175 were unchanged.

Phintraco Sekuritas said the JCI’s movement tracked Wall Street’s volatile yet mostly positive performance overnight, supported by upbeat banking earnings and rising expectations for a US rate cut. Fed Governor Stephen Miran urged an immediate easing, further fueling optimism.

On Wednesday, the S&P 500 added 0.4 percent, but only after swinging wildly, nearly erasing one of its biggest intraday gains since summer before rebounding. The index rose 26.75 points to 6,671.06. The Dow Jones Industrial Average slipped 17.15 points to 46,253.31, while the Nasdaq Composite gained 148.38 points, or 0.7 per cent, to 22,670.08 after bouncing between losses and gains throughout the session.

The erratic trading followed Tuesday’s roller coaster session, where the Dow Jones swung between a 615-point drop and a 455-point rebound. Market volatility has intensified since last week, after President Donald Trump threatened to impose much higher tariffs on China. Analysts said companies are now under pressure to deliver strong quarterly profits to justify stock prices that have already surged 35 percent from April lows.

“Positive cues from Wall Street have limited impact on domestic sentiment, as investors remain cautious amid continued corrections in large-cap stocks,” Phintraco noted. It added that technology shares led Thursday’s declines, while infrastructure stocks recorded the biggest gains.

Meanwhile, the Indonesia Stock Exchange (IDX) lifted temporary trading suspensions on two issuers in the morning session. Acting Head of Transaction Supervision Division Danny Yuskar Wibowo said the suspensions, previously imposed due to significant cumulative price increases, were lifted for LPLI (since October 1) and MORA (since October 15), allowing investors to resume trading both stocks in the regular and cash markets.

Across Asia, regional markets opened mixed following Wall Street’s wild swings. Japan’s Nikkei jumped 435 points (+0.90 percent) to 48,104, and South Korea’s Kospi rose 18 points (+0.48 percent) to 3,675. Meanwhile, Hong Kong’s Hang Seng edged down 20 points (-0.07 percent) to 25,890, and China’s Shanghai Composite slipped 12 points (-0.30 percent) to 3,900.

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