Jakarta. Jakarta Composite Index (JCI) ended higher on Thursday as investors took comfort from Finance Minister Purbaya Yudhi Sadewa’s assurance of Indonesia’s stable fiscal condition, even as global markets fluctuated following the much-anticipated meeting between U.S. President Donald Trump and Chinese leader Xi Jinping at the APEC Summit in South Korea.

The main index closed up 17.84 points, or 0.22 percent, at 8,184, moving within a range of 8,145–8,231 throughout the session.

According to RTI data, the market recorded 2.3 million transactions with a total trading volume of 35.5 billion shares worth Rp 21.5 trillion ($1.2 billion). There were 346 gainers, 308 decliners, and 158 stocks unchanged.

From the domestic front, Finance Minister Purbaya said Indonesia’s fiscal condition remains “safe,” with debt and deficit ratios still well under control, a statement that appeared to lift investor confidence amid global market volatility.

In Asia, regional shares traded mixed after the Trump – Xi meeting. While Trump described the encounter as “amazing” and said it had resolved “many issues,” investors remained cautious.

In Tokyo, the Nikkei 225 slipped before inching up 0.1 percent to 51,325.61 after the Bank of Japan kept its benchmark rate unchanged. Hong Kong’s Hang Seng fell 0.5 percent to 26,210.83, and the Shanghai Composite lost 0.7 percent to 3,986.90. The Hong Kong Monetary Authority also cut its base rate by 25 basis points to 4.25 percent, mirroring US monetary policy.

Meanwhile, South Korea’s Kospi broke through the 4,000 mark for the first time, edging up 0.1 percent to 4,086.89, buoyed by solid corporate earnings in tech, auto, and shipbuilding sectors and optimism over progress in Washington’s trade talks with Seoul.

Following his meeting with Xi, Trump announced a tariff cut on Chinese goods, lowering the average rate to 47 percent from 57 percent, citing China’s cooperation in curbing fentanyl exports. Xi, however, signaled that a final deal was still pending and urged negotiating teams to finalize “tangible results” soon.

On Wall Street, US stocks were mixed after the Federal Reserve cut its benchmark interest rate for the second time this year but cautioned against expecting another cut soon. The S&P 500 was virtually flat, the Dow Jones Industrial Average fell 0.2 percent, and the Nasdaq gained 0.5 percent.

In the local market, Dwi Guna Laksana (DWGL) and Sunson Textile Manufacturer (SSTM) topped the gainers list, each soaring 25 percent, followed by Indonesian Tobacco (ITIC) up 24.7 percent and Tunas Alfin (TALF) rising 24.4 percent.

On the downside, Martina Berto (MBTO) fell 11.8 percent, Rohartindo Nusantara Luas (TOOL) dropped 10.3 percent, Multi Indocitra (MICE) declined 10.1 percent, and Andalan Sakti Primaindo (ASPI) slid 9.8 percent.

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