Jakarta. Jakarta Composite Index (JCI) opened higher on Friday, rising 26 points, or 0.31%, to 8,300, trading within a range of 8,296 to 8,319 in early deals.

In the first minutes of trading, volume reached 2 billion shares with turnover of Rp 1.1 trillion ($65.08 million) across more than 160,000 transactions. Gainers outnumbered losers 301 to 176, while 189 stocks were unchanged.

Phintraco Sekuritas noted that Bank Indonesia’s Board of Governors Meeting kept the benchmark BI Rate unchanged at 4.75% for the fifth consecutive time. The decision aligns with efforts to stabilize the rupiah amid depreciation pressure, maintain inflation within the central bank’s target range, and support economic growth.

Credit growth accelerated to 9.96% year-on-year in January 2026, up from 9.69% in December 2025, marking the fastest expansion since February 2025. Investors are now awaiting fourth-quarter 2025 current account data, which is projected to post a $2 billion surplus, narrowing from a $4 billion surplus in the previous quarter.

Phintraco also highlighted Indonesia’s newly signed reciprocal tariff agreement with the United States. Under the deal, the US agreed to cut import tariffs on Indonesian goods from 32% to 19%, while Indonesia eliminated import duties on most US products.

Indonesian palm oil products will enjoy a 0% import tariff facility, though textile exports remain subject to a 19% reciprocal tariff. Alongside the government-level agreement, the two countries signed 11 private-sector memorandums of understanding worth $38.4 billion.

“This cooperation covers critical minerals, energy, agribusiness, textiles, and semiconductor technology,” Phintraco Sekuritas said.

Globally, US stocks closed lower on Thursday as oil prices climbed amid concerns over potential tensions between the United States and Iran. The S&P 500 slipped 0.3% for its first loss in four days. The Dow Jones Industrial Average fell 267 points, or 0.5%, while the Nasdaq Composite declined 0.3%.

One major stock remained under pressure amid fears that artificial intelligence-driven competitors could disrupt its business and erode its customer base. Its shares have lost roughly a quarter of their value so far this year, reflecting broader Wall Street anxiety over AI disruption across sectors ranging from software and legal services to trucking logistics. Analysts described the selloff as a “shoot first, ask questions later” mentality.

In Asia, Japan’s Nikkei dropped 0.85% to 56,979, while South Korea’s Kospi gained 0.33% to 5,696. Hong Kong’s Hang Seng edged down 0.18% to 26,657. Mainland China’s Shanghai Composite remained closed for the Lunar New Year holiday.

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