Jakarta. Indonesia’s benchmark index closed nearly flat on Friday as investors stayed cautious amid a prolonged US government shutdown and mixed cues from global markets.

The Jakarta Composite Index (JCI) inched up 7 points, or 0.08 percent, to end at 8,257, after moving between 8,194 and 8,270 throughout the session.

According to RTI data, total transactions reached 47 billion shares worth Rp 23.4 trillion ($1.4 billion) from over 2.4 million trades, with 338 gainers, 331 decliners, and 133 unchanged.

Brokerage firm Pilarmas Investindo Sekuritas said the JCI spent most of the session in the red as investors assessed the potential economic fallout from the US government shutdown, which has delayed several key data releases used to guide monetary policy.

“The prolonged shutdown, following the US Senate’s failure to reach a funding agreement, has postponed important economic reports that could shape the Fed’s next move,” Pilarmas wrote in a Friday note.

New York Fed President John Williams reiterated his openness to further rate cuts, though lingering inflation concerns may complicate the decision. The delay of data such as weekly unemployment claims has further clouded market sentiment, leaving Wall Street with fewer signals to navigate.

Meanwhile, geopolitical optimism grew as Israel and Hamas agreed to a ceasefire in Gaza, which includes halting hostilities, partial Israeli troop withdrawal, and the release of hostages. Markets cautiously welcomed the truce, hoping it would ease tensions in the Middle East.

At home, sentiment found mild support after Chief of Economic Affairs Minister Airlangga Hartarto confirmed that trade tariff negotiations between Indonesia and the United States have resumed, following delays caused by the US shutdown.

“The government targets to finalize the talks within two to three weeks,” Pilarmas noted, adding that the trade pact has received approval in principle from President Prabowo Subianto and US President Donald Trump.

Across Asia, stocks mostly slipped on Friday as investors paused after Wall Street’s recent rally.

Japan’s Nikkei 225 dropped 1 percent to 48,088.80, Hong Kong’s Hang Seng Index fell 1.8 percent to 26,277.84, and China’s Shanghai Composite lost nearly 1 percent to 3,894.56.

South Korea’s Kospi, however, rebounded 1.7 percent to 3,610.60 after reopening from a holiday, driven by tech gains in SK Hynix (+8.1 percent) and Samsung Electronics (+6.2 percent), following reports that Nvidia-backed Reflection AI raised $2 billion in funding.

On Wall Street overnight, the S&P 500 slipped 0.3 percent from its record high, the Dow Jones Industrial Average lost 0.5 percent, and the Nasdaq Composite edged down 0.1 percent.

Add as a preferred source on Google +