Jakarta. Jakarta Composite Index (JCI) opened stronger Wednesday morning at 8,597 added 13 points or 0.15% in the range of 8,591 – 8,611.

Data recorded in the first 5 minutes, volume reached 2.59 billion shares with turnover Rp 1.37 trillion ($81.69 million) and frequency more than 217 thousand times transactions. Up 253, down 218, flat 191.

Domestic sentiment was supported by progress in Indonesia–US trade negotiations, after both governments agreed on all substantive issues under the Agreement on Reciprocal Tariff (ART) and moved into the final technical phase.

Legal drafting and document finalization are scheduled for the second week of January 2026, with the signing targeted before the end of January by President Prabowo Subianto and US President Donald Trump. The agreement will introduce preferential tariffs for key export products, including crude palm oil (CPO), coffee, and cocoa.

According to Pilarmas Investindo Sekuritas, the ART is positive for national industries, particularly labor-intensive sectors that employ around 5 million workers, while Indonesia has also committed to opening market access and addressing non-tariff barriers for US products.

“We see the ART agreement as having the potential to deliver a positive impact on Indonesia’s economy through improved export competitiveness to the US market, driven by tariff reductions and preferential tariffs for leading commodities,” Pilarmas wrote in its research note.

Pilarmas said the agreement could also support non-oil and gas export growth, improve the trade balance, and underpin performance in labor-intensive sectors such as plantations, food and beverages, and the manufacturing industry, which collectively absorb millions of workers.

From a macro perspective, stronger exports could boost foreign exchange inflows, help stabilize the rupiah, and support overall economic growth.

“However, commitments to open market access and reduce non-tariff barriers also require stronger domestic industrial competitiveness to withstand US imports, meaning the success of this trade agreement will heavily depend on the effectiveness of deregulation and the strengthening of Indonesia’s industrial structure,” Pilarmas added.

Wall Street ended Tuesday at fresh record highs, buoyed by strong technology stocks, even as economic data painted a mixed picture for the US outlook.

The S&P 500 climbed 31 points, or 0.5%, to close at a new record of 6,909. The Dow Jones Industrial Average added 79 points, or 0.2%, to 48,442, while the Nasdaq Composite rose 133.02 points, or 0.6%, to 23,561. Gains came despite most stocks in the S&P 500 ending lower, underscoring the continued dominance of large-cap technology shares.

Tech stocks continued to offset broader weakness, with Nvidia jumping 3%, giving the biggest lift to the benchmark.

US data showed the economy expanded at a 4.3% annualized pace in the third quarter, up from 3.8% in the previous quarter, while inflation remained elevated. The Federal Reserve’s preferred inflation gauge, the PCE index, rose to 2.8%, staying above the central bank’s 2% target and reinforcing a cautious policy outlook.

Markets are pricing in a pause, with investors expecting the Fed to hold rates steady at its January meeting following three rate cuts in 2025.

In Asia, Japan’s Nikkei opened at 50,475 surged 0.12%. Followed by South Korea’s Kospi at 4,136 rose 0.46%. In chinese market, Hongkong’s Hang Seng added slightly 0.02% to 25,780  followed by Shanghai’s SSE added 0.03% to 3,920.

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