Jakarta. Jakarta Composite Index (JCI) opened higher on Thursday, rising 43.55 points or 0.52% to 8,353 in the first session. The benchmark traded in the range of 8,346–8,364.

IDX data showed 1.22 billion shares changed hands in early trading, with transaction value reaching Rp 723 billion ($42.71 million) across 99,400 trades. Gainers outnumbered decliners, with 324 stocks advancing, 120 falling, and 514 unchanged.

BRI Danareksa Sekuritas said investors are closely watching Bank Indonesia’s policy decision, with consensus expecting the benchmark rate to remain at 4.75%. The outlook reflects January inflation at 3.55%, rupiah movement around 16,850–16,869 per dollar, and the possibility of further dollar strength should the Federal Reserve keep rates unchanged.

Bank Indonesia also reported Indonesia’s external debt reached $431.7 billion in Q4 2025, up from $427.6 billion in Q3. The increase was mainly driven by the public sector, while government external debt remained manageable at $214.3 billion. The development was supported by foreign capital inflows into international government securities, reflecting sustained investor confidence in Indonesia’s economic prospects despite rising global financial uncertainty.

Wall Street closed higher on Wednesday, led by Nvidia. The S&P 500 gained 0.6%, moving closer to its record high set late last month, while the Dow Jones Industrial Average rose 129 points or 0.3% and the Nasdaq Composite climbed 0.8%.

Nvidia advanced 1.6% after Meta Platforms announced a long-term partnership to deploy millions of Nvidia chips and related equipment for artificial intelligence data centers. Nvidia CEO Jensen Huang said no company deploys AI at Meta’s scale, underscoring Nvidia’s influence as the most valuable stock on Wall Street and a key driver of the S&P 500’s rise.

The rally highlighted AI’s upside potential for US equities, though investors remain cautious about heavy spending and uncertain returns. Concerns also persist that cheaper AI-driven tools could disrupt industries ranging from software and legal services to trucking logistics, prompting sharp and sometimes aggressive sell-offs in vulnerable stocks.

Across Asia on Thursday, Japan’s Nikkei opened 0.57% higher and South Korea’s Kospi surged 2.3% after the Seollal holiday. Hong Kong’s Hang Seng and China’s Shanghai SSE remained closed for the Lunar New Year week.

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