17 December 2025, 09:50 Indonesia: Stocks Extend Strength Ahead of Rate Decision.
Indonesia’s IDX Composite rose 24 points, or 0.3%, to 8,710 in early Wednesday trade, building gains from the prior session due to advances in communications, consumer durables, and commercial services. Sentiment was supported by domestic sector rotation and selective risk appetite. Meantime, local reports indicated the government is pursuing a bilateral trade deal with Mexico to avert tariffs of up to 50% slated for 2026, while Jakarta allocated IDR 60 trillion for disaster recovery in Sumatra. On the monetary front, Bank Indonesia is expected to hold rates steady for a third meeting later today, aiming to stabilize the rupiah and support growth. However, gains were capped by a dip in U.S. futures on renewed geopolitical tensions after President Donald Trump announced a “total and complete” blockade of sanctioned Venezuelan oil tankers. Leading performers included Aneka Tambang (4.0%), Impack Pratama Industri (2.4%), Alamtri Resources (1.4%), and Bank Rakyat Indonesia (1.1%).
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