10.09.202503:52:12UTC+00Indonesia Stocks Rebound After 3-Day Slide

The IDX Composite climbed 62 points, or 0.8%, reaching 7,690 in Wednesday's morning session, breaking a streak of losses from the prior three days. This rebound occurred as traders took profits following the index's drop to a four-week low the day before, triggered by the appointment of a new finance minister. The broader market mirrored gains seen on Wall Street overnight, spurred by underwhelming US job figures that fueled anticipation of a potential interest rate reduction later in the month. Attention shifted back to economic indicators with US inflation data imminent, which could provide further insights into the Federal Reserve’s future monetary policy decisions. Despite the rally, growth was tempered by recent domestic reports indicating consumer confidence in August had declined to its lowest point in nearly three years. Investors also kept a keen eye on the new finance minister’s policy trajectory, while evaluating Chinese CPI statistics. The majority of sectors traded positively, with financials leading the charge. Notable risers included BBRI (2.4%), BRIS (2.4%), BBCA (2.3%), and BMRI (2.1%).