Jakarta. Jakarta Composite Index (JCI) rebounded on Wednesday morning, rising 38 points or 0.45% to 8,318, as improving global risk appetite and firmer US equities lifted sentiment.

The benchmark index traded within a range of 8,316 to 8,373. Trading volume reached 4.93 billion shares with turnover of Rp 2.23 trillion ($132.41 million), across more than 287,000 transactions. Gainers outpaced losers, with 401 stocks advancing, 147 declining, and 153 unchanged.

Pilarmas Investindo Sekuritas said investor confidence improved following stronger and stabilizing labor data, supported by a rise in the US Conference Board Consumer Confidence index.

“Confidence is increasing as the latest employment data show improvement and stability, supported by a rise in US Conference Board Consumer Confidence,” the brokerage said.

While optimism remains, Pilarmas cautioned that concerns persist, particularly amid tariff reversals, which are seen as reducing global uncertainty. However, in the short term, volatility may rise due to what it described as “panic-driven moves by Trump to continue imposing tariffs by any means necessary.”

Phintraco Sekuritas noted that China’s central bank kept its benchmark lending rates unchanged for the ninth consecutive month in February 2026, maintaining the one-year Loan Prime Rate (LPR) at 3% and the five-year LPR at 3.5%.

Meanwhile, BRI Danareksa Sekuritas said external sentiment continues to dominate the market, particularly ahead of follow-up talks between the United States and Iran, as well as heightened uncertainty over US tariff policy direction and relatively tight Federal Reserve rate expectations, which have supported a stronger US dollar.

Market participants are also closely watching developments in US–Iran negotiations this week, given their implications for equities and commodity volatility, especially oil and gold.

Overnight, US stocks climbed after renewed optimism surrounding the artificial intelligence (AI) boom helped offset prior concerns. The S&P 500 rose 0.8%, recovering nearly three-quarters of its sharp decline from the previous session. The Dow Jones Industrial Average gained 370 points, or 0.8%, while the Nasdaq Composite advanced 1%.

The rally underscored continued enthusiasm over the billions of dollars flowing into AI, which investors believe could transform industries and boost productivity. It also marked a sharp turnaround from the previous session, when fears over AI’s potential downsides rattled Wall Street, particularly sectors seen as vulnerable to disruption, including software, trucking logistics, and financial services.

Across Asia, regional markets traded higher. Japan’s Nikkei climbed 0.64%, South Korea’s Kospi rose 0.88%, China’s Shanghai Composite edged up 0.14%, and Hong Kong’s Hang Seng advanced 0.57%.

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