Jakarta. Jakarta Composite Index (JCI) opened slightly higher on Tuesday before slipping from its November all-time high. The benchmark began the session at 8,570, briefly inching up 0.59 points (0.01 percent) to 8,570.84, but later moved unevenly within the 8,536–8,574 range.

In early trade, 1.46 billion shares changed hands with a transaction value of Rp 1.03 trillion across 107,635 deals. A total of 241 stocks advanced, 177 declined, and 222 were unchanged.

Pilarmas Investindo Sekuritas said global sentiment improved after US President Donald Trump and Chinese President Xi Jinping held a constructive call touching on trade, Taiwan, and the Ukraine–Russia conflict. The leaders are preparing reciprocal visits, with Beijing pledging to increase agricultural imports and curb illegal fentanyl flows. Pilarmas noted that the friendlier tone helped lift risk appetite, even as the Taiwan issue remains unresolved.

The brokerage also flagged ongoing geopolitical tension in Europe, after Ukraine rejected a draft peace plan seen as undermining its sovereignty. The proposal, which would recognize several occupied regions as Russian territory and require early elections and a smaller Ukrainian military, has drawn resistance from key European allies. Pilarmas warned the dispute could flare up again and keep investors cautious.

Domestically, Pilarmas pointed to a more upbeat view on Indonesia’s poultry industry following the government’s plan to build dozens of feed mills to support small farmers and supply the Free Nutritious Meal (MBG) program. The move aims to stabilize input costs and lift broiler and egg production, while benefiting consumer goods companies through more stable raw material prices and stronger protein demand.

Wall Street gained ground on Monday ahead of the shortened Thanksgiving week.

The S&P 500 climbed 1.5 percent, one of its strongest sessions since summer, while the Dow Jones rose 202 points (0.4 percent). The Nasdaq jumped 2.7 percent, helped by renewed interest in tech stocks after volatile weeks driven by uncertainty over the Fed’s rate path and concerns about an AI-driven bubble.

Investors are now awaiting US wholesale inflation data due Tuesday, a key test after recent market swings. The S&P 500 ended at 6,705.12, the Dow at 46,448.27, and the Nasdaq at 22,872.01.

In Asia, Japan’s Nikkei surged 488 points (+0.99 percent) to 49,113. South Korea’s KOSPI climbed 96 points (+2.43 percent) to 3,942, Hong Kong’s Hang Seng rose 232 points (+0.89 percent) to 25,948, and Shanghai’s SSE gained 14 points (+0.36 percent) to 3,850.

On the domestic board, the Indonesia Stock Exchange (IDX) flagged Unusual Market Activity (UMA) in three stocks: Arkora Hydro (ARKO), Bintang Oto Global (BOGA), and Bukaka Teknik Utama (BUKK).

ARKO has soared 142.34 percent in a month and 260.87 percent year-to-date. BOGA jumped 111.69 percent in a month and 79.49 percent year-to-date. BUKK rallied 160.87 percent in a month and 171.19 percent year-to-date.

The bourse also suspended Sinergi Inti Andalan Prima (INET) and its Series I warrants after sharp cumulative price gains. INET surged 25 percent in its last session, jumped 134.38 percent over the past month, and skyrocketed 1,063 percent year-to-date, prompting the temporary halt.

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