Jakarta. Indonesian stocks opened higher on Friday as a firmer rupiah, steady domestic policy signals, and an overnight rebound on Wall Street buoyed early sentiment, even as investors stayed selective ahead of key global data.

Jakarta Composite Index (JCI) climbed 92 points, or 0.43%, to 9,031 at the opening bell, moving within a range of 8,924–9,039. In the first five minutes, trading volume reached 5.6 billion shares, with turnover of Rp 2.94 trillion ($174.47 million) across more than 343,000 transactions. Market breadth was mixed, with 200 gainers, 325 decliners, and 154 unchanged stocks.

Phintraco Sekuritas noted that the rupiah strengthened in spot trading on Thursday, closing at Rp 16,885 per US dollar, even as the US Dollar Index edged higher and most Asian currencies posted gains. The brokerage said the central bank’s decision to keep the benchmark rate unchanged, alongside Bank Indonesia’s pledge to intervene if needed to stabilize the rupiah, helped support the currency.

From the domestic front, investors are awaiting December 2025 M2 money supply data.

Regionally, attention is on Japan’s December 2025 inflation data, which is expected to ease to 2.7% year-on-year from 2.9% in November. Markets are also watching the upcoming Bank of Japan meeting, where rates are widely expected to be kept at 0.75%. In the United States, investors are eyeing manufacturing and services indices as well as the final January 2026 Michigan Consumer Sentiment reading.

Overnight, US stocks extended gains on Thursday after President Donald Trump walked back earlier tariff threats, helping markets recover losses seen earlier in the week. The S&P 500 rose 0.5%, adding to Wednesday’s strong advance, while the Dow Jones Industrial Average climbed 306 points, or 0.6%, and the Nasdaq Composite jumped 0.9%.

The rebound followed Trump’s comments on reaching a “framework of a future deal” related to Greenland and his decision to scrap proposed 10% tariffs on European countries opposing the move. While details remain limited and no formal agreement has been signed, the shift eased immediate market jitters, though some nervousness lingered. Gold prices swung before ending 1.6% higher, while the U.S. dollar weakened against the euro and several other currencies.

Asian markets opened mostly higher in early trade. Japan’s Nikkei gained 0.38% to 53,898, South Korea’s Kospi advanced 0.64% to 4,984, and Hong Kong’s Hang Seng rose 0.86% to 26,861. China’s Shanghai Composite bucked the trend, slipping 0.19% to 4,130.