Asian stocks rose Monday on the back of a fresh rally in tech firms and oil fluctuated as investors weighed the impact of the US ouster of Venezuelan leader Nicolas Maduro.

The Indonesia Stock Exchange (IDX) has set an ambitious IPO target for 2026 and is seeking to draw more large-cap listings after a subdued year marked by a stricter focus on listing quality.

The bourse has marked its first trading day of 2026 on Friday with the IDX Composite rising 1.17 percent to 8,748.13 points.

Stocks began 2026 on a positive note in holiday-thinned trade as investors braced for a year set to test the AI-led rally, usher in a change of guard at the Federal Reserve and potentially more market turbulence under Donald Trump's presidency.

The IDX Composite index inched up on Tuesday, the last trading day of 2025, to close the year at 8,646.94 points, which marks a 20.71 percent year-to-date (ytd) gain.  

The US dollar held steady on Wednesday but was headed for its biggest annual drop since 2017 as interest rate cuts, fiscal worries and erratic trade policies under US President Donald Trump cast a shadow on currency markets in 2025.

The Indonesian bourse recorded a 22.1 percent gain since the start of the year to rank third in performance among Southeast Asia’s equity markets, and outlooks by leading financial research firms point to continuing resilience in 2026.

Precious metals extended losses Tuesday on profit-taking after hitting recent records, while equities fluctuated in quiet trade as investors wound down ahead of the New Year break.

Asian stocks were at six-week highs on Monday, while the dollar hovered near its lowest in almost three months on expectations of the Federal Reserve cutting interest rates next year, which have also sparked a fierce rally in precious metals.

Major US stock indices finished at fresh records Wednesday following a shortened pre-holiday session while gold and silver prices also struck fresh highs.

Asian markets went into the Christmas break Wednesday on a mixed note as investors struggled to track a record day on Wall Street fueled by forecast-topping US economic data.

The US dollar was headed for its worst annual performance in more than two decades on Wednesday as investors wagered the Federal Reserve would have room to cut rates further next year even as some of its peers looked set to hike.

Equities extended a global rally Tuesday, while gold and silver hit fresh records as optimism for more US interest rate cuts and an easing of AI fears helped investors prepare for the festive break on a positive note.

Asian share markets rose on Monday tracking tech-driven gains on Wall Street, while the yen wallowed at all-time lows against the euro and Swiss franc as higher interest rates at home did nothing to deter speculative sellers.

Asian shares fell on Thursday as the tech sector took a beating on renewed angst about AI spending, while investors braced for a wave of central bank meetings set to underscore policy divergence worldwide.

A continued push for transit-oriented development (TOD) is reshaping Jakarta’s property landscape, helping retail outlets along MRT corridors and producing new growth hot spots.

Asian stocks tumbled while the dollar drifted near two-month lows on Tuesday as investors adopted a cautious approach ahead of a slate of US data, including the jobs report, that may help gauge the trajectory for Federal Reserve policy next year.

While the move had been priced in for several weeks, investors were cheered by the fact that bank boss Jerome Powell was "less hawkish" in his post-meeting remarks.

The strategy, called Libra Hybrid, is targeting $500 million in total commitments and drew capital from global institutions including sovereign wealth funds and Granite Asia's partners, Granite Asia said in a statement.

Asian stocks fell and the dollar was steady on Tuesday as investors braced for a cut in US interest rates later this week while the yen was calm after a powerful earthquake rocked Japan's northeast region though the impact was limited.

Bank Mandiri chief economist Andry Asmoro wrote in a market analysis on Thursday that the trend was driven by “improving expectations” for an interest rate cut by the Fed in December.

Japan's Nikkei skidded on Friday, wiping out this week's gains amid an otherwise subdued Asian session, after weaker-than-expected spending data underscored the scourge of inflation as bets grew that the Bank of Japan would hike interest rates.

Stocks made muted gains and traders were wary on Tuesday, following a slide in cryptocurrencies and a global bond selloff triggered by a looming interest rate hike in Japan.

Asian stocks rose on Thursday and the dollar was soft on growing expectations of an interest rate cut from the Federal Reserve next month, while the yen remained on intervention watch, with traders weighing the prospect of a rate hike before year-end.

The US dollar was steady on Tuesday as investors deliberated the chances of the Federal Reserve cutting interest rates next month after dovish comments from policymakers while the frail yen remained on intervention watch.

Global stocks began an event-filled week on the front foot on Monday, as investors took heart from growing expectations of a Federal Reserve rate cut in December even as policymakers remain divided over such a move.

Asian shares extended a global rout on Friday as the much-anticipated US jobs data failed to provide clarity on the near-term path for interest rates, with investors returning to dumping risk assets even after Nvidia's earnings dazzled.