Jakarta. Indonesia’s benchmark index slipped back into negative territory on Tuesday after briefly rebounding at the open, as cautious sentiment and profit-taking outweighed early optimism driven by global cues.

The Jakarta Composite Index (JCI) opened higher at 8,144, rising 27 points or 0.33 percent in early trade before losing ground later in the session. The benchmark moved within the 8,084–8,151 range.

Market volume reached 1.2 billion shares with a turnover of Rp 950 billion ($57.1 million) across more than 110,000 transactions. A total of 240 stocks advanced, 195 declined, and 179 were unchanged.

According to BRI Danareksa Sekuritas, Monday’s 1.87 percent drop was triggered by broad-based sell-offs in conglomerate stocks following MSCI’s free float weight adjustment. Despite Tuesday’s mixed tone, foreign investors booked a net buy of Rp 341 billion, signaling ongoing accumulation even as domestic sentiment remained fragile.

Investor caution deepened as global markets traded unevenly ahead of the Federal Reserve’s rate decision and a meeting between US President Donald Trump and Chinese President Xi Jinping later this week.

On Wall Street, major indexes extended their record-setting streak on Monday. The S&P 500 rose 1.2 percent, the Dow Jones Industrial Average added 0.7 percent, and the Nasdaq composite gained 1.9 percent, with investors betting on further Fed rate cuts to support the US job market.

Across Asia, markets showed mixed performance. Japan’s Nikkei dropped 155 points or 0.31 percent to 50,357, South Korea’s Kospi fell 32 points or 0.79 percent to 4,010, and Shanghai’s SSE eased 10 points or 0.25 percent to 3,986. Meanwhile, Hong Kong’s Hang Seng inched up 75 points or 0.28 percent to 26,508, supported by tech gains.

The Indonesia Stock Exchange (IDX) also placed Raja Roti Cemerlang (BRRC) and Sumber Tani Agung Resources (STAA) under Unusual Market Activity (UMA) monitoring after both stocks posted significant price jumps. BRRC surged 106.85 percent in a month but remains down 28.1 percent year to date, while STAA climbed 31.67 percent monthly and 77.44 percent year to date.

At the same time, the IDX lifted the trading suspension on Soho Global Health (SOHO), allowing investors to resume transactions from the first session on Tuesday, according to Transaction Supervision Division Head Yulianto Aji Sadono.