US-China Trade War Eases, Indonesian Stock Exchange (IHSG) Strengthens by 2% (Wednesday, May 14, 2025)
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The Jakarta Composite Index (IHSG) rose 2.15% to close at 6,979.88 on Wednesday (May 14, 2025).
This increase occurred alongside the easing of the trade war between the United States (US) and China.
A meeting between US and Chinese delegates took place in Geneva, Switzerland, on Monday (May 12, 2025). This meeting resulted in an agreement where the US will lower import tariffs for China from 145% to 30%. Similarly, China will lower import tariffs for the US from 125% to 10%.
Based on the IDX-IC Sectoral Index, 9 out of 11 stock sectors strengthened today. The energy sector led with an increase of 3.14%, followed by the financial and infrastructure sectors, which rose 2.48% and 2.17% respectively.
Meanwhile, two sectors weakened, namely the technology and health sectors, which corrected by 1.04% and 0.32% respectively.
According to RTI Business data, the frequency of domestic stock trading today reached 1.49 million transactions.
A total of 30.03 billion shares changed hands, with a total transaction value of Rp 17.95 trillion.
418 stocks closed higher today, 218 stocks weakened, and 166 stocks were stagnant.
Today's top gainer was BBSS, which soared 35%, followed by FITT and TGUK, both rising 34.62%.
On the other hand, the stock with the code KBLV became the top loser after plunging 14.71%, followed by DKHH and SKBM, which corrected by 14.47% and 12.44% respectively.
Asian stock exchanges closed mixed this afternoon. The Nikkei Index fell 0.14% to 38,128.13; the Hang Seng Index rose 2.30% to 23,640.65; the Straits Times Index fell 0.26% to 3,871.05; and the Shanghai Index rose 0.86% to 3,403.95.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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