Indonesian shares rebounded from earlier losses on Thursday, extending a two-day winning streak as the nation's sovereign wealth fund signaled active buying in the local market. The benchmark Jakarta Composite Index rose as much as 1.3% after shedding 2.7% earlier in the session, bucking weakness seen across most Asian markets. Investors welcomed the intervention, which helped stabilize sentiment amid broader regional volatility.
The fund's support came as a key signal for market participants watching the country's economic trajectory.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing