RRI.CO.ID, Jakarta - The Jakarta Composite Index (JCI) of the Indonesia Stock Exchange (IDX) opened higher on Wednesday morning, February 25, 2026, as market participants monitored global economic and geopolitical developments.
The JCI rose 37.32 points, or 0.45 percent, to 8,318.15 at the opening. The LQ45 index, which tracks 45 leading stocks, gained 3.41 points, or 0.41 percent, to 841.04.
“The reaction of market participants will highly depend on the content of United States President Donald Trump’s speech, US tariff decisions, as well as China’s economic dynamics and geopolitics in the Middle East region,” the research team at Lotus Andalan Sekuritas said in its report in Jakarta on Wednesday.
Analysts project the JCI to move volatilely, with direction remaining sensitive to global economic and geopolitical developments.
On the domestic front, export- and commodity-based stocks tend to be more vulnerable to negative global risks, while defensive and domestically oriented sectors may become investors’ choice during a risk-off period.
In international trade, the United States has formally imposed an additional 10 percent tariff on imported goods under Section 122, with the possibility of an increase to 15 percent still open.
Uncertainty over US trade policy has raised global risk premiums and may trigger risk-off sentiment, which typically weakens emerging market currencies, including the Rupiah, pressures export- and commodity-based stocks, and potentially pushes up bond yields as investors demand higher risk compensation.
In Asia, the People’s Bank of China (PBoC) maintained its one-year Loan Prime Rate at 3 percent and its five-year rate at 3.5 percent, despite signs of slowing growth and deflationary pressure in the Chinese economy.
The policy reflects efforts to maintain stability in the Yuan, which has recently strengthened. However, a stronger currency risks reducing China’s export competitiveness amid US tariff pressure.
China’s economic conditions, which have yet to fully recover, remain an important factor for Indonesia given the two countries’ close trade ties, particularly in the commodity sector.
In Tuesday’s trading, European markets closed mixed. The Euro Stoxx 50 rose 0.10 percent, the United Kingdom’s FTSE 100 slipped 0.04 percent, Germany’s DAX fell 0.02 percent, and France’s CAC gained 0.26 percent.
On Wall Street, US markets closed higher on Tuesday. The Dow Jones Industrial Average rose 0.76 percent to 49,174.50, the S&P 500 gained 0.77 percent to 6,890.07, and the Nasdaq Composite climbed 1.04 percent to 22,863.6.
In Asian regional trading on Wednesday morning, Japan’s Nikkei index surged 865.41 points, or 1.51 percent, to 58,186.50. China’s Shanghai index rose 32.38 points, or 0.78 percent, to 4,149.69, while Hong Kong’s Hang Seng gained 91.68 points, or 0.37 percent, to 26,690.00. Singapore’s Straits Times index edged down 2.63 points, or 0.05 percent, to 5,018.16. ***
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