The Indonesia stock market is set to open lower on Wednesday after closing marginally higher the previous session, with the Jakarta Composite Index sitting just above 7,080 points.
The JCI gained just 2.81 points, or 0.04 percent, on Tuesday to finish at 7,083.28, trading in a range between 7,029.51 and 7,103.19 throughout the session.
Tuesday’s slim gain followed the end of a three-day winning streak in which the index had advanced nearly 130 points, or 1.8 percent, in total.
The global forecast for Asian markets is negative, driven by renewed concerns about the trajectory of interest rates in the United States and beyond.
European markets closed mixed on Tuesday, while U.S. bourses finished deep in the red, setting a bearish tone for Asian trading sessions to follow.
On Wall Street, the Dow fell 178.20 points or 0.42 percent to close at 42,528.36, while the NASDAQ plummeted 375.30 points or 1.89 percent to end at 19,489.68.
The S&P 500 also declined sharply, sinking 66.35 points or 1.11 percent to finish the session at 5,909.03.
The broad selloff came as the yield on the benchmark 10-year Treasury note surged to its highest closing level in eight months, rattling investor confidence.
The Institute for Supply Management reported that U.S. service sector activity increased more than expected in December, with the prices index jumping to a one-year high.
That data reinforced fears that inflation will remain sticky, complicating the outlook for Federal Reserve interest rate policy heading into 2026.
The Labor Department also reported that job openings in the U.S. unexpectedly increased in November, adding further weight to the case for rates staying higher for longer.
Back in Jakarta, Tuesday’s session was shaped by gains in food stocks, weakness across financials, and a mixed performance from resource companies.
Among the financials, Bank Rakyat Indonesia weakened 1.71 percent, Bank Negara Indonesia stumbled 1.58 percent, and Bank Central Asia declined 1.55 percent.
Bank Mandiri retreated 1.32 percent, while Bank Danamon Indonesia fell 0.39 percent, and Bank CIMB Niaga and Bank Maybank Indonesia were unchanged on the day.
On the positive side, United Tractors jumped 1.77 percent, Astra International rallied 1.23 percent, and Indofood Sukses Makmur climbed 1.02 percent.
Energi Mega Persada was among the hardest hit, plunging 2.46 percent, while Jasa Marga tanked 2.18 percent and Aneka Tambang surrendered 2.05 percent.
Oil prices moved higher on Tuesday amid concerns about a possible supply shortage after China decided to reject imports from Iran and Russia, while unusually cold weather in the U.S. also contributed to the rise.
West Texas Intermediate Crude oil futures for February closed up $0.69 or 0.94 percent at $74.25 a barrel, reflecting the tightening supply outlook.
With Wall Street weakness, elevated Treasury yields, and persistent inflation concerns all weighing on sentiment, Indonesian equities face a challenging open as global uncertainty continues to build.
