Jakarta stocks rise 1.68% as Asian rally renews risk appetite
Indonesian equities surged Thursday, with the Jakarta Composite Index gaining 1.68% as a broad Asian advance and a steady policy backdrop lifted investor mood.
Source: RSS · August 24, 2026 at 11:01 AM · AI-assisted report
Single-sourceJAKARTA, 24 AUGUST 2026 —
Indonesian equities surged Thursday, with the Jakarta Composite Index gaining 1.68% as a broad Asian advance and a steady policy backdrop lifted investor mood.
The index climbed 107 points to close at 6,501, according to exchange data. Turnover reached Rp 15.79 trillion ($889.02 million) across 78.68 billion shares traded in over 2.28 million transactions. Advancers outnumbered decliners 452 to 190, with 150 counters unchanged.
Pilarmas Investindo Sekuritas said the advance tracked gains in regional and US markets after investors looked past hawkish signals from the latest Federal Reserve minutes. “Lower US Treasury yields helped restore risk appetite,” the brokerage wrote in a Thursday note. It cited the US Treasury’s plan to expand debt buybacks as easing concerns over higher borrowing costs that had recently weighed on global equities.
Domestically, Bank Indonesia kept its seven-day reverse repo rate at 5.75%, a decision Pilarmas said was aimed at shoring up the rupiah amid volatility tied to the Middle East conflict. The central bank also maintained its 2026–2027 inflation target of 1.5%–3.5% and reaffirmed support for sustainable growth.
Acting Governor Destry Damayanti said policy would stay focused on exchange-rate stability, while expanding hedging incentives to attract foreign capital. “Bank Indonesia will continue to intervene in domestic and offshore markets and provide incentives to encourage fund inflows,” Pilarmas noted. It added that macroprudential tools would be used to ensure banking liquidity supports credit growth.
In China, the People’s Bank of China left its one-year and five-year loan prime rates unchanged at 3% and 3.5%, reflecting Beijing’s cautious stance amid domestic and global uncertainty. Pilarmas said additional stimulus expectations have risen after July data pointed to further softness, with investors awaiting the Standing Committee of the National People’s Congress meeting from Aug. 25–28 for policy signals.
Elsewhere in Asia, South Korea’s Kospi rebounded 5.9% after Wednesday’s 5.8% slump, while Japan’s Nikkei rose 1.4%, Hong Kong’s Hang Seng added 1.2%, and the Shanghai Composite climbed 0.2%.
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