#TradeWarEases Foreign investors recorded a net buy of IDR 119 billion, led by BBRI IDR 147 billion and BBCA IDR 119 billion. The IDX strengthened again after being influenced by euphoria from Wall Street, following a de-escalation of trade war tensions. This occurred after Trump postponed the imposition of tariffs on automotive goods from Mexico and Canada. So far, Trump's leadership has had a high volatility impact on the market, due to frequent policy changes. Meanwhile, the rupiah managed to close stronger below IDR 16,300, and the yield on Indonesia's 10-year bonds (ID10Y) also closed below the MA200 at 6.847%. Technically, the IDX has the potential to test resistance in the range of 6687-6700.
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