Jakarta. Jakarta Composite Index (JCI) opened higher on Thursday, extending gains amid positive global cues, as Wall Street rallied overnight and the rupiah strengthened moderately.

The benchmark index rose 29.13 points, or 0.35%, to 8,351.36 at the opening. The JCI moved within a range of 8,319 to 8,358 in early trade.

Data from RTI showed that 1.1 billion shares had changed hands in the opening minutes, with total transaction value reaching Rp 735.73 billion across 101,065 trades. Gainers outpaced losers, with 275 stocks advancing, 143 declining, and 235 remaining unchanged.

BRI Danareksa Sekuritas said external sentiment was supportive, citing the rebound in US stock indices and the rupiah’s moderate appreciation.

However, the brokerage noted that investors were adopting a wait-and-see stance ahead of the United States–Iran negotiations in Geneva on Feb. 26, 2026, which could influence global asset volatility.

Amid geopolitical uncertainty, safe-haven assets such as gold continued to strengthen, holding above $5,150 per troy ounce, reflecting a defensive stance among global investors.

Phintraco Sekuritas highlighted several key points from President Donald Trump’s state address on Feb. 25. Trump called for the establishment of a government-backed retirement program and urged Congress to pass legislation banning large institutional investors from purchasing single-family homes. He also reiterated claims of success in boosting the economy and fighting inflation, with much of his speech focused on domestic policy.

Overnight, US stocks rose and erased their losses for the week, led by Nvidia and other technology companies.

The S&P 500 gained 0.8% for a second consecutive session, following Monday’s sharp sell-off. The Dow Jones Industrial Average climbed 307 points, or 0.6%, while the Nasdaq Composite advanced 1.3%.

Nvidia rose 1.4% ahead of its earnings release after the close. The chipmaker, central to the artificial intelligence boom, once again reported quarterly profit that exceeded analysts’ expectations. It projected revenue of around $78 billion for the current quarter, surpassing forecasts of less than $72.3 billion.

As the largest US-listed company by market value, Nvidia carries significant weight in the S&P 500, and its earnings have become a bellwether for broader market sentiment amid the AI-driven rally.

Investors are also weighing risks tied to new tariffs announced by President Trump to replace measures struck down by the Supreme Court. Still, some strategists believe solid corporate earnings growth in late 2025 has helped support segments of the US market beyond Big Tech, including smaller-cap stocks.

In Asia, Japan’s Nikkei 225 rose 0.69%, while South Korea’s Kospi advanced 0.62%. Hong Kong’s Hang Seng climbed 0.94%, and China’s Shanghai SSE edged up 0.09%.