The Jakarta Composite Index (IHSG) closed higher on Monday, finishing at 5,916.07, up 69 points from the previous session.
The broad-based advance reflects cautious optimism among local investors as they assess global monetary policy signals ahead of key domestic data releases.
Indian benchmarks also posted sharp gains, with the BSE Sensex jumping 521 points and the Nifty 50 finishing above the 24,430 level, driven by strength in the banking and technology sectors.
Market participants are closely monitoring the upcoming release of the Federal Reserve’s meeting minutes, which will provide further insight into the US central bank’s policy trajectory.
Simultaneously, domestic focus remains on Indonesia’s foreign-exchange reserve data, a critical indicator for assessing the country’s external financial stability and currency support capacity.
The rally in Jakarta comes amid a broader positive sentiment in Asian equity markets.
Indian benchmarks also posted sharp gains, with the BSE Sensex jumping 521 points and the Nifty 50 finishing above the 24,430 level, driven by strength in the banking and technology sectors.