Jakarta. Jakarta Composite Index (JCI) opened lower on Tuesday, slipping 17 points or 0.19% to 8,627, moving within a range of 8,591 to 8,629 in early trade.

In the first five minutes, trading volume reached 3.69 billion shares with turnover at Rp 2.27 trillion ($135.30 million) across more than 274,000 transactions. Market breadth was negative, with 241 stocks advancing, 270 declining, and 175 unchanged.

CGS International Sekuritas Indonesia said the weaker opening tracked overnight losses on Wall Street, driven by selling pressure in technology stocks, softer prices of several global commodities, and the continued depreciation of the rupiah against the US dollar.

US stocks edged lower in thin trading on Monday, marking the start of another holiday-shortened week. The pullback had little impact on overall yearly performance, with just two trading days left before year-end and US markets set to close on Thursday for New Year’s Day.

The S&P 500 fell 24 points, or 0.3%, to 6,905, though it remains up more than 17% for the year and on track for its eighth straight monthly gain. The Dow Jones Industrial Average slid 249 points, or 0.5%, to 48,461, while the Nasdaq Composite dropped 118 points, or 0.5%, to 23,474.

Big-cap technology stocks weighed on the market, with Nvidia down 1.2% and Broadcom slipping 0.8%, as investors took profits after a year-long rally fueled by optimism over artificial intelligence.

Despite the recent dip, US equities are entering the so-called Santa Claus rally period, which has historically tended to be positive. With few major economic releases scheduled this week, investor attention is expected to focus on the minutes of the Federal Reserve’s December policy meeting, which may offer further clues on the central bank’s policy direction heading into 2026.

Asian markets opened mixed. Japan’s Nikkei fell 0.42% to 50,312 and Shanghai’s SSE declined 0.45% to 3,947. Meanwhile, South Korea’s Kospi rose 0.64% to 4,193, while Hong Kong’s Hang Seng edged up 0.004% to 25,636.

Add as a preferred source on Google +