印度尼西亚5年期国债 (Indonesia5Y) 加自选

印尼IDX综合指数周二下午下跌49点，跌幅0.6%，至8069点，为第二个交易日下跌。在MSCI即将进行的自由流通股调整之前，人们普遍持谨慎态度，这可能会刺激外资外流，并对企业集团股票造成压力。市场情绪也受到即将公布的数据的抑制，尤其是中国官方采购经理人指数、印尼9月贸易和10月通胀数据。尽管如此，华尔街周一的上涨仍有助于限制下行，因为人们希望美联储本周进一步降息，12月进一步放松。与此同时，中国央行重申了其支持性和适度宽松货币政策的立场。特朗普总统和Xi定于周四在韩国举行会晤，预计将缓解贸易紧张局势。行业压力来自生产者制造业、加工工业和能源矿产。值得注意的下跌股包括联合利华印尼公司（-7.4%）、阿斯特拉国际公司（-4.2%）、Sumber Alfaria Trijaya公司（-3.3%）和独立铜金公司（-2.7%）。

Indonesia’s IDX Composite fell 49 points, or 0.6%, to 8,069 on Tuesday afternoon, marking its second session of losses. Caution prevailed ahead of MSCI’s upcoming free float adjustment, which could spur foreign outflows and weigh on corporate group stocks. Sentiment was also dampened by looming data releases, notably China’s official PMI, Indonesia’s September trade, and October inflation data. Still, Wall Street’s Monday gains helped limit downside, amid hopes of further Fed rate cuts this week and more easing in December. Meanwhile, China’s central bank reaffirmed its stance on a supportive and moderately loose monetary policy. A scheduled meeting between Presidents Trump and Xi Jinping in South Korea Thursday is expected to ease trade tensions. Sectoral pressure came from producer manufacturing, process industries, and energy minerals. Notable decliners included Unilever Indonesia (-7.4%), Astra International (-4.2%), Sumber Alfaria Trijaya (-3.3%), and Merdeka Copper Gold (-2.7%).

印尼盾在前一天跌至16630点后，周二小幅走强至1美元兑16610点左右。由于对美中潜在贸易协议的乐观情绪，美元指数跌至一周低点，减少了对美元的避险需求。与此同时，人们普遍预计美联储周三将降息25个基点，市场正在关注12月再次降息的迹象。在国内，印尼央行上周出人意料地暂停了激进的降息周期，专注于改善政策传导。尽管自去年9月以来，央行将基准利率下调了150个基点，但贷款利率仅下降了15个基点，行长Perry Warjiyo将这一差距归因于储户要求更高的回报。在最近的数据中，印尼9月份的年通胀率升至2.65%的16个月高点，但仍保持在BI的1.5%-3.5%目标范围内，维持了市场信心。

The Indonesian rupiah strengthened a bit to around 16,610 per dollar on Tuesday after slipping to 16,630 the previous day, as the dollar index fell to a one-week low on optimism over a potential US-China trade deal, reducing safe-haven demand for the greenback. Meantime, the Federal Reserve is widely expected to cut interest rates by 25 basis points on Wednesday, with markets watching for signs of another move in December. Domestically, Bank Indonesia unexpectedly paused its aggressive rate-cutting cycle last week to focus on improving policy transmission. Although the central bank has lowered its benchmark rate by 150 basis points since September last year, lending rates have fallen by just 15 points, a gap Governor Perry Warjiyo attributed to depositors demanding higher returns. In recent data, Indonesia’s annual inflation rose to a 16-month high of 2.65% in September but stayed within BI’s 1.5%–3.5% target, sustaining market confidence.

印尼IDX综合指数在周二上午的交易中几乎没有变化，在前一交易日暴跌后徘徊在8116左右。投资者继续预期MSCI即将进行的自由流通股权重调整，密切关注其对企业集团股票的潜在影响。市场参与者也在关注美联储本周晚些时候的利率决定，以及特朗普总统和Xi在韩国的会晤。一夜之间，华尔街延续了创纪录的连胜纪录，这得益于对美联储进一步降息以支持美国就业市场的乐观情绪。在当地方面，印度尼西亚证券交易所在价格显著上涨后，将Raja Roti Cemerlang和Sumber Tani Agung Resources置于异常市场活动监控之下。Telkom Indonesia（2.7%）、Kalbe Farma（4.3%）和Bumi Resources（3.8%）的早期涨幅被Astra International（-2.3%）、联合利华印度尼西亚（-2.2%）和Sumber Alfaria Trijaya（-1.4%）的下跌所抵消。

Indonesia’s IDX Composite was little changed in Tuesday morning's session, hovering around 8,116 after a plunge in the previous session. Investors continued to anticipate MSCI’s upcoming free float weight adjustment, closely monitoring its potential impact on corporate group stocks. Market participants were also eyeing the U.S. Federal Reserve’s interest rate decision later this week and the scheduled meeting between Presidents Trump and Xi Jinping in South Korea. Overnight, Wall Street extended its record-setting streak, fueled by optimism over further Fed rate cuts to support the U.S. job market. On the local front, the Indonesia Stock Exchange placed Raja Roti Cemerlang and Sumber Tani Agung Resources under Unusual Market Activity monitoring following notable price jumps. Early gains in Telkom Indonesia (2.7%), Kalbe Farma (4.3%), and Bumi Resources (3.8%) were offset by declines in Astra International (-2.3%), Unilever Indonesia (-2.2%), and Sumber Alfaria Trijaya (-1.4%).

暂无中文版本，请点击原文

Indonesia’s IDX Composite tumbled 293 points, or 3.6%, to 7,978 on Monday afternoon, snapping last week’s record run and marking the sharpest drop in over six months. The plunge followed an MSCI Inc. consultation paper that raised concerns over the liquidity of major Indonesian stocks and proposed stricter inclusion rules, including excluding those flagged for Unusual Market Activity or placed on the Special Monitoring Board. Caution also mounted ahead of the country's trade data for September and October inflation due this week. Still, a surge in U.S. futures tempered further weakness after Treasury Secretary Bessent said President Trump’s proposed 100% tariffs on Chinese imports were “effectively off the table,” paving the way for a potential deal with Xi Jinping. Meanwhile, markets expect the U.S. Fed to cut rates further this week following soft inflation data. Nearly all sectors fell, led by Dian Swastika Sentosa (-15.0%), Barito Renewables Energy (-14.2%), and Petrosea (-14.0%).