JCI Rises 1.50 Per Cent to 8,396 Amid Global Trade Optimism

JAKARTA — The Jakarta Composite Index (JCI) on the Indonesia Stock Exchange (IDX) closed higher on Monday afternoon (23/2/2026) as market participants grew optimistic about improving global trade conditions following the United States Supreme Court’s decision to overturn President Donald Trump’s trade tariffs. The JCI closed up 124.31 points or 1.50 per cent at 8,396.08, whilst the LQ45 blue-chip index rose 12.48 points or 1.49 per cent to 847.76.

“The market responded positively following the US Supreme Court’s decision to overturn President Trump’s global trade tariffs. The ruling will certainly provide hope and an improvement in the global trade climate,” said Maximilianus Nico Demus, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, in his analysis in Jakarta on Monday.

Nico explained that the Supreme Court’s decision to strike down the tariff policy and replace it with a 10 per cent tariff would be a significant development for the business world.

On the other hand, market participants appear to remain focused on Trump’s follow-up policies, as the president has announced plans to raise the global tariff from 10 per cent to 15 per cent in the wake of the Supreme Court’s decision overturning his “reciprocal” tariff regime.

The move has sparked concerns that trade agreements between the US and its partners could unravel, although senior US officials have affirmed that existing deals will remain in force.

“As a result, market participants appear to be taking a wait-and-see approach regarding developments in US tariff policy,” Nico said.