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Indonesian equities rose 80 points, or nearly 1%, to 8,348 in early Monday trading, rebounding from a subdued close in the previous session. Sentiment improved on expectations that President Trump’s new 15% global tariff—introduced after the U.S. Supreme Court blocked broader reciprocal duties—signals a shift toward lower overall trade barriers and could modestly support Indonesia’s exports in the near term.
Market confidence was also buoyed by last week’s move from the local regulator, which imposed IDR 11.05 billion in fines on one company and three individuals over alleged market manipulation between 2016 and 2022. In China, Indonesia’s top trading partner, markets are set to reopen on Tuesday following the Lunar New Year holiday.
Gains were limited, however, by a sharp decline in U.S. futures, which tempered the positive lead from Wall Street’s consumer-driven rally on Friday. All sectors on the IDX advanced, led by basic materials, financials, and cyclical stocks. Early notable movers included MD Entertainment (up 3.7%), Unilever Indonesia (3.6%), Kalbe Farma (2.4%), and Chandra Asri (2.2%).
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