Indonesia Stocks Rebound as Airport Reopens

ndonesia’s IDX Composite rose 46 points, or 0.7%, to 6,663 in early Tuesday trade, snapping a two-day slide on broad gains across transport, cyclicals, and industrials. Sentiment improved after the reopening of the country’s main international airport, Soekarno-Hatta, shut for two days by volcanic ash from the eruption of Mount Anak Krakatau. Meanwhile, fresh data showed August forex reserves also climbed to a five-month high, aided by government loan withdrawals. However, upside was capped by caution ahead of key data in top trading partner China, with August trade figures due later today and CPI/PPI later this week, while domestic focus turned to consumer confidence and July retail trade. Globally, U.S. stock futures fell sharply amid Middle East uncertainty. Early standouts included Merdeka Battery Materials (7.8%), Raharja Energi Cepu (6.0%), Sarana Menara Nusantara (4.4%), and Sarana Mitra Luas (3.3%).






