Jakarta. Jakarta Composite Index closed stronger on Tuesday, mirroring gains across most Asian markets as investors leaned further into expectations of a US Federal Reserve rate cut next week. The benchmark finished at 8,617, rising 68.25 points or 0.80 percent, after moving within a tight 8,564–8,625 band.

Trading activity remained solid with 42.53 billion shares exchanged, turnover reaching Rp 21.50 trillion ($1.29 billion), and transactions topping 2.7 million. Market breadth was positive, with 369 stocks advancing, 278 declining, and 159 ending flat.

Pilarmas Investindo Sekuritas said the rebound in risk appetite followed weak US manufacturing data, which showed the sector contracting for a ninth straight month in November. The downbeat figures reinforced expectations that the Fed could pivot to easing sooner rather than later.

Pilarmas added that investors are also positioning for potential stimulus from Beijing after China’s November manufacturing numbers undershot expectations. “Those results may push Beijing to roll out new economic support ahead of next week’s annual Central Economic Work Conference,” the brokerage wrote.

Additional momentum came from South Korea after the US confirmed it would lower certain tariffs under a bilateral agreement, including cutting the automotive import duty from 25 percent to 15 percent. The revision also includes adjustments to aircraft component tariffs and reciprocal trade rules, which lifted sentiment in Seoul’s markets.

Across Asia, major indices mostly advanced.

Tokyo’s Nikkei 225 rose 0.5 percent to 49,534, buoyed by financial stocks after the Bank of Japan governor hinted at a possible rate hike this month. Hong Kong’s Hang Seng strengthened 0.7 percent to 26,209, while the Shanghai Composite slipped 0.3 percent to 3,902.

Australia’s S&P/ASX 200 edged up 0.2 percent to 8,582.80.

South Korea’s Kospi outperformed with a 1.5 percent jump to 3,977.85, supported by tech heavyweights such as Samsung Electronics, which climbed 2.8 percent, and SK Hynix, up 3.4 percent.

The regional rally came even as Wall Street pulled back overnight.

The S&P 500 slipped 0.5 percent to 6,812, the Dow Jones Industrial Average lost 0.9 percent to 47,289, and the Nasdaq dipped 0.4 percent to 23,275.

The weakness followed a rise in global bond yields after BOJ Governor Kazuo Ueda signaled that Japan, which has kept interest rates near zero for years, may begin raising rates as inflation remains above its two percent target. “The prospect of the Bank of Japan resuming its hiking cycle has sent tremors through global bond and equity markets,” said Thomas Mathews of Capital Markets, noting that markets may still absorb further tightening.

On the domestic board, top gainers included Newport Marine Services (BOAT) jumping 34.53 percent, Pelayaran Nasional Bina Buana Raya (BBRM) up 34.48 percent, Slj Global (SULI) rising 34.40 percent, and Lotte Chemical (FPNI) gaining 24.88 percent.

Among the day’s laggards, Optima Prima Metal Sinergi (OPMS) fell 15 percent, Ever Shine Textile Industry (ESTI) dropped 14.91 percent, Sarana Mitra Luas (SMIL) eased 14.86 percent, and Estika Tata Tiara (BEEF) declined 14.75 percent.

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