The IDX Composite rose by 83 points, or 1.1%, to 7,941 around noon on Monday, rebounding from the previous session’s losses. The rally followed gains on Wall Street last Friday, after Fed Chair Powell signaled the possibility of a September rate cut during his Jackson Hole speech. The index is now trading just below its record high of 7,943.8, reached on August 20. All sectors traded in positive territory, led by the tech sector (up 2.1%), followed by primary consumer and financial stocks. Investors are now eyeing key US economic data due later this week, including the PCE Index and the second estimate of Q2 GDP. Domestically, last week, Bank Indonesia surprised markets by cutting its benchmark interest rate by 25 bps to 5%. On the fiscal front, Indonesia’s House of Representatives and the government reached an agreement on a 2026 economic growth target of 5.4%, with an inflation goal of 2.5%. Among the top performers were Gudang Garam (2.3%), BRI (1.7%), and Mandiri (1.4%).