Jakarta. Jakarta Composite Index (JCI) closed higher on Wednesday, tracking Wall Street and regional gains as AI disruption fears eased and the government extended liquidity support to banks.

The benchmark index rose 41.39 points, or 0.50%, to 8,322, moving within a range of 8,259 to 8,373. Trading activity remained solid, with volume reaching 51.10 billion shares and turnover amounting to Rp 28.14 trillion ($1.67 billion) across more than 2.8 million transactions. Market breadth was balanced, with 336 gainers, 335 losers and 146 unchanged stocks.

On the gainers board, Armada Berjaya Trans (JAYA) surged 35%, followed by Selaras Citra Nusantara Perkasa (SCNP), which jumped 34.94%. Jantra Grupo Indonesia (KAQI) advanced 34.62%, while Industri dan Perdagangan Bintraco Dharma (CARS) climbed 34.04%.

On the losing side, Indospring (INDS) fell 14.97%, Intanwijaya International (INCI) slid 14.69%, Satu Visi Putra (VISI) dropped 14.60% and Sunson Textile Manufacturer (SSTM) declined 14.03%.

Pilarmas Investindo Sekuritas attributed the index’s gains to a rally in Asian equities following Wall Street’s positive lead. “Market concerns over artificial intelligence disruption that had previously pressured sentiment are starting to ease,” Pilarmas wrote in a research note.

Earlier, investors had worried about AI’s potential impact across industries, particularly on employment. However, recent remarks from US central bank officials helped calm the market.

Federal Reserve Governor Lisa Cook highlighted the potential for rising unemployment due to technology adoption, while Governor Christopher Waller said the impact would not significantly disrupt the labor market. Pilarmas added that investors were also closely watching President Donald Trump’s State of the Union address for clues on policy direction.

Domestically, sentiment was supported by the government’s decision to extend the placement of Rp 200 trillion in funds within the banking system. The funds, initially set to mature on March 13, 2026, will now be extended until September 2026.

“The government is also extending liquidity support for the next six months, with backing from the central bank, to maintain financial system stability ahead of Eid al-Fitr,” Pilarmas said.

According to the brokerage, the move is expected to strengthen banking liquidity conditions, deepen financial market penetration and safeguard national financial stability.

Across the region, Asian markets were mostly higher after Trump’s speech. Japan’s Nikkei 225 surged 2.2% to 58,583.12, briefly hitting a record high as investors cheered an overnight Wall Street rally fueled by optimism over the AI boom. In China, Hong Kong’s Hang Seng rose 0.5% to 26,735, while the Shanghai Composite gained 0.6% to 4,142. South Korea’s Kospi climbed 2.1% to 6,093, continuing to benefit from global demand for computer chips.

On Wall Street, the S&P 500 advanced 0.8% to 6,890 on Tuesday, while the Dow Jones Industrial Average rose 0.8% to 49,174 and the Nasdaq Composite gained 1% to 22,863.