Jakarta. Jakarta Composite Index (JCI) opened higher on Tuesday, extending its record-breaking momentum after Wall Street’s overnight gains and sustained foreign buying.

The benchmark index started at 8,290, up 15.48 points or 0.19 percent, moving within the 8,275–8,295 range before briefly touching a new all-time high at 8,300.

RTI data showed trading volume reached 448.8 million shares worth Rp 527.8 billion ($31.55 million) from 53,400 transactions, with 276 stocks rising, 105 declining, and 574 unchanged.

CGS International Sekuritas Indonesia said the strengthening of major Wall Street indexes, the continuation of foreign investor buying, higher commodity prices, and strong corporate earnings reports are expected to provide positive sentiment for the market.

Hendra Wardhana, founder of Republik Investor, said the current rally is not solely driven by technical factors but also by a combination of Morgan Stanley Capital International index rebalancing, fourth-quarter earnings optimism, and the return of foreign capital inflows to Indonesia. He added that anticipation over large-cap stocks such as BREN, BRMS, ANTM, MDKA, and EMTK entering the MSCI index has triggered a rotation of global portfolios into Indonesian assets. Shares of BREN and ANTM surged amid speculation of inclusion and the strong outlook for the green energy sector.

In Asia, trading sentiment was mixed following Wall Street’s uneven close. Japan’s Nikkei opened lower by 117 points or 0.22 percent before rebounding later in the morning. South Korea’s Kospi slipped 2 points or 0.05 percent and fell further as the session progressed. Hong Kong’s Hang Seng eased 10 points or 0.04 percent, while Shanghai’s SSE declined 3 points or 0.08 percent at the open.

Monday on Wall Street, AI giants continued to drive gains. The S&P 500 rose 0.2 percent to 6,851.97, nearing its record high, while the Nasdaq advanced 0.5 percent to 23,834.72. The Dow Jones Industrial Average slipped 226 points or 0.5 percent to 47,336.68.

Nvidia climbed 2.2 percent, extending its year-to-date rally to 54.1 percent, while Amazon jumped 4 percent after announcing a $38 billion deal with OpenAI to use Amazon’s cloud services for AI workloads.

Despite concerns that AI stocks may be entering bubble territory, most US companies have continued to post solid results. According to FactSet, four out of five firms in the S&P 500 have beaten analysts’ earnings forecasts this quarter, with overall profit growth projected at nearly 11 percent year-on-year.

On the downside, Kimberly-Clark dropped 14.6 percent after announcing a $48.7 billion acquisition of Kenvue, whose shares jumped 12.3 percent.

Meanwhile, the Indonesia Stock Exchange (IDX) extended the suspension of Wijaya Karya (WIKA) shares during the first session on Tuesday. The bourse said the move followed the company’s delay in repaying the principal of its Sustainable Mudaraba Sukuk III Wijaya Karya Phase I 2022 Series A (SMWIKA03ACN1), which matured on Nov. 3, 2025.

Data from IDX shows that WIKA shares have been suspended since February 18, 2025, and remain halted to date.

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