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Jakarta Stocks Jump 1.8% on Trump’s China Remarks; BBCA, Telkom Lead Inflows

Ria Fortuna Wijaya, Associated Press
October 21, 2025 | 4:08 pm
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The Indonesia Stock Exchange (IDX) trading floor in Jakarta, featuring digital boards displaying real-time market movements. (ANTARA)
The Indonesia Stock Exchange (IDX) trading floor in Jakarta, featuring digital boards displaying real-time market movements. (ANTARA)

Jakarta. Jakarta Composite Index (JCI) soared on Tuesday, lifted by easing concerns over US-China trade tensions following remarks from US President Donald Trump.

The main index jumped 149 points, or 1.84 percent, to close at 8,238, after moving between 8,161 and 8,238 throughout the session.

Trading reached 31 billion shares, with a turnover of Rp 21.6 trillion ($1.3 billion) across 2.3 million transactions. A total of 447 stocks advanced, 232 declined, and 135 were unchanged.

Brokerage firm Pilarmas Investindo said market sentiment improved after Trump signaled optimism for a “fair trade deal” with Chinese President Xi Jinping, raising expectations for progress in negotiations between the world’s two largest economies.

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Adding to the positive tone, US Treasury Secretary Bessent announced plans to meet Chinese Vice Premier Li Feng this week to prevent further tariff escalation.

“The sentiment also benefited from easing concerns over a U.S. government shutdown, as White House economic adviser Kevin Hassett expressed confidence that the issue would be resolved this week,” Pilarmas said in a note on Tuesday.

Hassett noted that the Trump administration might take firmer action to pressure the Democratic Party, further fueling optimism for a policy breakthrough.

Pilarmas added that investors were also monitoring the Fourth Plenary Session of the Chinese Communist Party, which runs through Thursday, where leaders are expected to outline broader economic and policy adjustments for the coming years.

Blue-chip stocks led the rally, buoyed by strong foreign inflows. Bank Central Asia (BBCA) booked a hefty net foreign buy of 93.9 million shares, rising 5.40 percent to Rp 8,300, with an average transaction price of Rp 8,225.70. Bank Rakyat Indonesia (BBRI) followed with 27.3 million shares bought by foreigners, gaining 1.63 percent to Rp 3,740. Telkom Indonesia (TLKM) added 4.08 percent to Rp 3,060, supported by a 28.4 million share net foreign buy.

Across Asia, markets joined the upswing. Japan’s Nikkei 225 climbed 0.3 percent to 49,316.06 after lawmakers elected Sanae Takaichi as the country’s first female prime minister, fueling expectations for continued market-friendly policies. Hong Kong’s Hang Seng rose 1.2 percent to 26,164.64, while the Shanghai Composite added 1.3 percent to 3,913.34.

Elsewhere, South Korea’s Kospi gained 0.2 percent to 3,823.84, and Australia’s S&P/ASX 200 advanced 0.7 percent to 9,094.70.

US stocks also rallied overnight, with the S&P 500 and Dow Jones each rising 1.1 percent, and the Nasdaq gaining 1.4 percent. Apple shares jumped 3.9 percent to a record high, driven by optimism over strong demand for its latest iPhone model.

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