Market Sentiment Lifts After Trump Calms Trade Tensions with China
Jakarta. Jakarta Composite Index (JCI) opened higher on Tuesday, climbing 42 points or 0.51 percent to 8,269 as investor sentiment improved following a sharp rebound on Wall Street.
The benchmark index moved within a narrow range of 8,262–8,272 in the early session, with total transactions reaching Rp 1.8 trillion ($109 million). Around 265 stocks advanced, 160 declined, and 194 were unchanged, while trading volume reached 2.5 billion shares across 150 million transactions.
The upbeat tone in Jakarta followed a relief rally in the United States, where all three major indices surged after President Donald Trump softened his stance toward China.
The S&P 500 rose 1.6 percent, its best single-day performance since May, while the Dow Jones Industrial Average climbed 587 points or 1.3 percent, and the Nasdaq composite advanced 2.2 percent.
“Don’t worry about China,” Trump wrote on his social media platform Truth Social on Sunday. “It will all be fine. President Xi doesn’t want Depression for his country, and neither do I. The USA wants to help China, not hurt it!!!”
It was a quick turnaround from Friday, when Trump’s harsh remarks calling China “a moral disgrace” sent markets sliding.
Across Asia, stocks traded mixed on Tuesday. Korea’s Kospi rose 0.56 percent, Hong Kong’s Hang Seng gained 0.30 percent, and Shanghai’s SSE Composite added 0.53 percent, while Japan’s Nikkei fell 1.4 percent to 47,446.
In Seoul, Samsung Electronics jumped 2.47 percent after forecasting a 32 percent year-on-year increase in third-quarter profit to 12.1 trillion won ($8.48 billion), exceeding market estimates.
China’s exports in September rose 8.3 percent from a year earlier, the strongest growth in six months, signaling that its manufacturers are shifting more shipments to markets outside the United States.
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