Jakarta. Indonesia’s benchmark index opened higher on Tuesday as global sentiment improved. The Jakarta Composite Index (JCI) extended its all-time-high rally, starting the session in the green at 8,427, with early trading moving between 8,407 and 8,442.

In the first 18 minutes, trading volume hit 6.77 billion shares with a Rp 2.73 trillion turnover ($162.95 million) across more than 386,000 transactions. A total of 223 stocks gained, 274 declined, and 192 were unchanged.

Pilarmas Investindo Sekuritas said Japan’s economy slipped into contraction for the first time in six quarters, with annualized GDP dropping to minus 1.8 percent in Q3 from 2.3 percent. The weakness stemmed from falling private housing investment, softer exports tied to construction regulation shifts, and US tariffs. With household spending flat and real wages stagnant, Prime Minister Sanae Takaichi faces mounting pressure for a sizable fiscal package ahead of the Bank of Japan’s December 19 policy meeting.

The brokerage said corporate investment remains firm as companies continue to plan spending on plants and equipment despite tariff risks. Markets are now awaiting a roughly ¥13.9 trillion stimulus package expected this week. Pilarmas also highlighted dovish remarks from Fed Governor Christopher Waller, who signaled support for another 25-basis-point cut amid easing inflation and a cooling labor market, though market odds for a December cut have faded.

Domestically, Pilarmas said the Finance Ministry has placed an additional Rp 76 trillion in funds into several banks, bringing total placements to Rp 276 trillion at a 3.8 percent rate. The low-cost liquidity is expected to ease funding pressures, strengthen net interest margins, and support loan growth. Banks with high utilization such as Mandiri, BRI, and BSI, are likely to feel the benefits first, while BTN and BNI may see a slower impact.

Wall Street closed sharply lower Monday as Nvidia and other AI-driven mega-cap names continued to lose steam. The S&P 500 slid 0.9 percent to 6,672.41, the Dow Jones dropped 557 points (1.2 percent) to 46,590.24, and the Nasdaq fell 0.8 percent to 22,708.07. Nvidia lost 1.8 percent, while Super Micro Computer plunged 6.4 percent. Analysts warn US equities, especially AI names, look overextended after a rapid run-up since April.

Uncertainty also lingers ahead of the December Fed meeting, with traders reassessing the likelihood of another rate cut as inflation stays above the 2 percent target. Markets are eyeing Thursday’s delayed September jobs report for further direction.

Across Asia, sentiment was similarly weak. Japan’s Nikkei dropped 511 points (-1.02 percent) to 49,812, South Korea’s Kospi fell 45 points (-1.11 percent) to 4,044, China’s SSE slipped 28 points (-0.71 percent) to 3,962, and Hong Kong’s Hangseng lost 212 points (-0.81 percent) to 26,172.

Back on the domestic exchange, the IDX suspended shares of Imago Mulia Persada (LFLO) for cooling down measures. Stockbit data shows LFLO has jumped 79.49 percent over the past month to Rp 700 per share, soaring 713.95 percent year to date. The suspension was issued to protect investors amid rapid price spikes.

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