Jakarta. The Jakarta Composite Index (JCI) surged at the opening of Friday’s morning session, climbing 71.09 points or 0.92 percent to 7,819. The benchmark index moved in the green within the range of 7,810–7,826.

RTI data showed that 777.12 million shares changed hands in early trading, with a transaction value of Rp741.82 billion across 59,725 deals. Of the total, 282 stocks gained, 85 declined, and 220 were unchanged.

Among the top gainers, Futura Energi Global (FUTR) soared 17.96 percent, while Hotel Fitra International (FITT) jumped 24.63 percent. Krida Jaringan Nusantara (KJEN) rose 18.13 percent, Bangun Karya Perkasa Jaya (KRYA) added 8.06 percent, and Nanotech Indonesia Global (NANO) strengthened 6.94 percent.

Reliance Sekuritas, however, projected a potential correction, noting that the index may test support at 7,548 and resistance at 7,716. The brokerage highlighted that the JCI’s black spinning top candle pattern appeared below the MA5 and MA20, while a stochastic dead cross indicated weakening momentum.

On Wall Street, stocks extended their record-setting rally on Thursday as mixed US economic data reinforced expectations that the Federal Reserve will cut interest rates next week. The S&P 500 rose 0.85 percent to notch its third consecutive all-time high. The Dow Jones Industrial Average jumped 617 points, or 1.4 percent, while the Nasdaq Composite gained 0.72 percent, both also setting records.

US Treasury yields slipped following the economic releases, which were among the last key indicators before the Fed’s policy meeting. Markets widely anticipate the first rate cut of the year.

Asian equities tracked the positive momentum, buoyed by US inflation aligning with forecasts and labor market weakness that bolstered the Fed’s easing outlook. Australia’s ASX 200 climbed 0.86 percent to 8,880, Japan’s Nikkei advanced 0.65 percent to 44,661, Hong Kong’s Hang Seng Index rose 1.36 percent to 26,440, and Shanghai’s Composite gained 0.25 percent to 3,885.

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