Indonesia’s stocks lost 43 points or 0.5% to 8,051 in early trade on Wednesday, down for a third day amid weakness in energy minerals, utilities, and healthcare. The market moved further away from last week’s record highs, pressured by declines in corporate group stocks following MSCI’s free-float weight adjustment. Vigilance also persisted ahead of China’s official PMI later this week and local trade and inflation data due next week. Still, an extended Wall Street rally overnight helped limit losses, supported by strong tech earnings, optimism over a potential U.S.-China trade framework, and bets of a Fed rate cut. Domestically, new rules allowing the central government to lend directly to local administrations and state-owned enterprises marked a structural shift, turning Jakarta into a development lender to spur infrastructure and strategic spending. Early laggards included Dian Swastatika Sentosa (-5.9%), Elang Mahkota Teknologi (-4.2%), Bank Jago (-3.9%), and Sentul City (-3.2%).