JCI Rises, Asian Markets Slump Amidst US Retaliatory Tariffs (Friday, August 1, 2025)
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The Jakarta Composite Index (JCI) closed up 0.71% to 7,537.77 at the close of trading on Friday (August 1, 2025).
According to the Research Team at Pilarmas Investindo Sekuritas, Asian regional exchanges are predicted to weaken at the beginning of August 2025. This is still related to the retaliatory tariffs imposed by the United States (US) President, Donald Trump.
“The market appears burdened by US President Donald Trump's new retaliatory tariffs ranging from 10% to 41% on imports from countries without trade agreements, effective today,” the team said, as quoted by Antara, Jakarta, Friday (August 1, 2025).
Meanwhile, Asian markets were sluggish today. The Hang Seng Index weakened by 1.07% to 24,507.81; the Nikkei 225 Index weakened by 0.66% to 40,799.60; the Straits Times Index STI weakened by 0.48% to 4,153.83; and the SSE Composite Index weakened by 0.37% to 3,559.95.
Based on the IDX-IC Sectoral Index, 8 stock sectors strengthened today. The basic materials sector led with an increase of 3.01%. This was followed by the infrastructures sector, which rose 2.90%, and the consumer cylicals sector, which strengthened by 1.55%.
Meanwhile, 3 stock sectors weakened today. The healthcare sector experienced the deepest correction, at 1.11%. This was followed by the industrials sector, which weakened by 0.48%, and the financials sector, which fell by 0.16%.
The frequency of domestic stock trading today reached 1.7 million transactions. A total of 28.54 billion shares changed hands, with a total transaction value of Rp 14.96 trillion.
Based on RTI Business data, 357 stocks closed higher today, 255 stocks weakened, and 189 stocks were stagnant.
Today's top gainer was MINA, which soared 34.35%. This was followed by DSFI, which strengthened by 32.81%, and FUTR, which rose by 29.51%.
Meanwhile, the stock with the code KBLM became the top loser after plunging 14.57%, followed by OASA and CGAS, which each corrected by 13.53% and 12.31%.
"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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