Jakarta. Jakarta Composite Index (JCI) defied broader weakness across Asia and Wall Street on Monday, closing stronger despite a sea of red in global markets.

The benchmark index ended the session at 8,416, up 46.45 points or 0.55 percent. The day’s range hovered between 8,391 and 8,452.

Trading volume reached 40.98 billion shares with a turnover of Rp 20.94 trillion ($1.25 billion), executed across 2.6 million transactions. A total of 354 stocks advanced, 287 declined, and 173 were unchanged.

Pilarmas Investindo Sekuritas said the JCI was supported by blue-chip strength and expectations of year-end window dressing. Investors are also positioning ahead of Bank Indonesia’s Board of Governors Meeting on November 18–19, which Pilarmas noted will weigh global macro conditions and external pressures.

“With this backdrop, the key question is how much policy room BI still has for its monetary stance, especially as Fed officials signal skepticism over a December rate cut,” Pilarmas wrote in a Monday note. The brokerage added that recent remarks from US central bankers reflect caution about future rate reductions.

Across Asia, major indices weakened as markets braced for delayed US economic data releases and monitored Japan’s slowing economy alongside rising China–Japan tensions.

Japan reported a 0.4 percent quarter-on-quarter contraction in Q3 2025 and a 1.8 percent annual decline, driven by soft household consumption amid higher food prices. The Nikkei 225 slipped 0.3 percent to 50,226.

In China, Hong Kong’s Hang Seng dropped 0.8 percent to 26,359, while the Shanghai Composite fell 0.4 percent to 3,973.

Geopolitical friction also weighed on sentiment after comments from Japanese Prime Minister Sanae Takaichi on Taiwan triggered a sharp response from Beijing. China has since warned its citizens against traveling to or studying in Japan. “China’s escalation over Prime Minister Takaichi’s remarks has shifted from a diplomatic irritant to a major macro input,” said Stephen Innes of SPI Asset Management.

South Korea’s Kospi bucked the trend, gaining 1.7 percent to 4,078, lifted by tech shares. SK Hynix jumped 6.8 percent and Samsung Electronics rose 3.3 percent after chipmakers agreed to collaborate with Nvidia on AI development.

Wall Street ended Friday mixed after sharp swings in Nvidia, bitcoin, gold, and other high-flyers. The S&P 500 slipped less than 0.1 percent to 6,734, the Dow Jones Industrial Average dropped 0.7 percent to 47,147, and the Nasdaq Composite inched up 0.1 percent to 22,900. The moves followed one of the market’s steepest declines since the spring, with valuations drawing criticism for overheating.

Back on the IDX, today’s top gainers were Apexindo Pratama Duta (APEX) rising 34.51 percent, Sanurhasta Mitra (MINA) up 34.44 percent, Sentral Mitra Informatika (LUCK) adding 25.45 percent, and Multitrend Indo (BABY) advancing 25 percent.

On the losing end, Puri Global Sukses (PURI) and Sillo Maritime Perdana (SHIP) fell 14.86 percent, Pudjiadi Prestige (PUDP) dropped 14.68 percent, and Nusatama Berkah (NTBK) slipped 14 percent.

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