Jakarta. Indonesia’s benchmark Jakarta Composite Index (JCI) ended lower on Tuesday at 8,241, down 33.17 points or 0.40 percent, after briefly hitting an all-time high during the morning and midday sessions.

The index traded within a range of 8,225 to 8,317, with total volume reaching 28.56 billion shares and a turnover of Rp 19.5 trillion ($1.2 billion) across 2.3 million transactions. A total of 207 stocks advanced, 439 declined, and 165 were unchanged.

According to Pilarmas Investindo Sekuritas, domestic sentiment had initially supported gains earlier in the day as investors responded positively to October inflation data, which rose 2.86 percent year-on-year, remaining within Bank Indonesia’s target range of 2.5 percent.

Another supporting factor was Indonesia’s September trade surplus, recorded at $4.34 billion, which continues to bolster the country’s external economic resilience.

Top gainers included Chitose International (CINT), which jumped 33.77 percent, Lotte Chemical Titan (FPNI) up 25 percent, and Pioneerindo Gourmet International (PTSP), gaining 24.86 percent. On the losing side, First Media (KBLV) plunged 14.92 percent, Jaya Sukses Makmur Sentosa (RISE) dropped 14.80 percent, and Puri Sentul Permai (KDTN) fell 12.71 percent.

Earlier in the day, the JCI touched a record intraday all-time high, but profit-taking later weighed on sentiment.

Global shares mostly retreated on Tuesday, despite recent rallies in overseas markets driven by artificial intelligence (AI) optimism, as investors locked in gains.

Across Asia, Japan’s Nikkei 225 dropped 1.7 percent to 51,497.20 following Monday’s national holiday.

“Japan’s market continues to pivot from mean reversion to momentum, with AI and semiconductors driving gains through steep valuation rerating,” said Shrikant Kale, strategist at Jefferies Hong Kong.

Australia’s S&P/ASX 200 fell 0.9 percent to 8,813.70, South Korea’s Kospi slipped 2.4 percent to 4,121.74, while Hong Kong’s Hang Seng erased earlier gains to finish 0.8 percent lower at 25,952.40. Shanghai Composite eased 0.4 percent to 3,960.19.

On Wall Street, gains in AI heavyweights such as Nvidia and Amazon have lifted sentiment in recent weeks, though analysts warned of overheating valuations reminiscent of the dot-com bubble in 2000.

According to FactSet, four out of five S&P 500 companies have so far beaten earnings expectations this season, helping sustain optimism despite rising caution among investors.