Indonesia’s IDX Composite dipped 21 points, or 0.2%, to 8,597 in early Friday trade, extending losses for a third straight session as consumer services, manufacturing, and logistics weighed. Sentiment weakened further after the World Bank cautioned that the recent major disaster in Sumatra may weigh on growth, intensifying pressure on the government to ramp up recovery measures. The market is set to finish lower for the week, down around 0.7% so far, after four successive weekly gains, following reports that labor unions and business groups rejected the government’s proposed 2026 wage formula, citing limited consultation and misalignment with domestic economic conditions. Notable decliners included MD Entertainment (-9.9%), Impack Pratama Industri (-3.0%), Tower Bersama Infrastructure (-1.8%), and GojekTokopedia (-1.5%). Losses were offset by a positive lead from Wall Street overnight, where tech stocks rebounded, and soft U.S. inflation data reinforced bets of Fed rate cuts next year.