Shares in Indonesia rose 47 points, or 0.6%, to 8,215 in Thursday morning trade, marking a second consecutive day of gains amid a notable rise in U.S. futures following the Fed’s second rate cut of the year. Meanwhile, President Trump and Chinese leader Xi Jinping have arrived in Busan, South Korea, ahead of a highly anticipated meeting on trade and tariff issues. Domestically, Finance Minister Purbaya Yudhi Sadewa said Indonesia has little risk of demand-driven inflation despite recent liquidity injections, noting that current fiscal and monetary conditions remain balanced, with inflation largely cost-driven. Gains were led by producer manufacturing, healthcare, and financials, with strong performances from individual stocks like Gojek Tokopedia (5.4%), Vale Indonesia (4.0%), Bank Mandiri (3.4%), and Cisarua Mountain Dairy (2.4%). However, further upside was tempered by caution ahead of China’s PMI data in the coming days and upcoming Indonesia's trade and inflation figures.