Jakarta. Jakarta Composite Index (JCI) rose 36 points, or 0.6%, to 5,932 in early Monday trading, tracking gains across most Asian markets as investors awaited a string of key economic data releases this week.

The benchmark index traded between 5,923 and 5,942. As of the opening minutes, trading volume reached 421.4 million shares worth Rp 383 billion ($21.4 million) across more than 62,000 transactions. Advancers outnumbered decliners 208 to 221, while 222 stocks were unchanged.

Phintraco Sekuritas said Wall Street ended lower on Friday as investors rotated out of technology stocks into defensive sectors.

Chipmakers came under pressure after reports that OpenAI is considering delaying its initial public offering until next year, citing the weak post-listing performance of SpaceX shares and continued volatility in AI-related stocks.

"The delay has raised concerns over the company's ability to sustain infrastructure investment as access to capital markets is postponed. It could also slow AI infrastructure spending, which has been a key driver of demand for semiconductor chips and data center development," Phintraco Sekuritas wrote in a research note on Monday.

The brokerage added that investors will closely monitor tanker traffic through the Strait of Hormuz for clues on oil price movements following renewed US-Iran clashes on Friday.

Market participants are also awaiting a series of major US economic indicators this week, including labor market data, the Manufacturing PMI, factory orders, and the house price index.

"Meanwhile, the euro area will release its latest inflation data," Phintraco Sekuritas said.

Domestically, investors are looking ahead to the release of Indonesia's S&P Global Manufacturing PMI, trade balance, and inflation figures.

Phintraco Sekuritas also said the market is watching developments surrounding the issuance of Patriot Bonds and Merah Putih Bonds after the government urged major investors to allocate funds to the instruments within six months, although participation is voluntary.

The bond issuance is intended to attract investment, but the initiative has drawn criticism from some market participants, who argue that legal immunity provisions could weaken financial law enforcement.

Across the region as of 8:57 a.m. Jakarta time, Japan's Nikkei 225 fell 0.37%, South Korea's Kospi dropped 1.14%, while Hong Kong's Hang Seng rose 0.76% and China's Shanghai Composite gained 0.16%.

On Wall Street Friday, the S&P 500 ended little changed, slipping less than 0.1% and posting only its second weekly decline in the past 13 weeks. The Dow Jones Industrial Average lost 44 points, or 0.1%, while the Nasdaq Composite fell 0.2%.

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