Asian markets rallied Thursday after Wall Street's record-breaking day as traders welcomed news that the Federal Reserve still saw three interest rate cuts this year even after recent data pointed to a bounce in inflation.

The US Federal Reserve voted Wednesday to keep interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts this year. 

The IDX Composite declined by 0.08 percent to 7,331.13 at the market close on Wednesday as BI finally announced that it would keep the interest rate at 6 percent.

Asian shares were hesitant on Wednesday on concerns the Federal Reserve could signal a slower path of rate cuts this year, while the yen plumbed a fresh four-month low on expectations that policy in Japan will remain accommodative for a while longer.

The IDX Composite rose 0.47 percent despite recent declines. Investors are waiting for Bank Indonesia and the US Fed benchmark interest rate decisions, which will come out this week.

Japanese shares fell on Tuesday along with regional markets, while the yen was steady heading into a pivotal Bank of Japan meeting that could end eight years of negative interest rates and usher in the nation's first policy tightening since 2007.

Asian shares firmed on Monday as Chinese data surprised on the upside for once, while investors looked to navigate a minefield of central bank meetings this week that could see the end of free money in Japan and a slower glide path for US rate cuts.

The IDX Composite fell by 1.42 percent on Friday, following a downward trend in Asian and global stock markets.

Bitcoin eased to a one-week low in volatile trade on Friday, as investors took profit from its run to a record high and as another upside surprise on US inflation dimmed prospects of early rate cuts there and dented demand for riskier assets.

Asian stocks slumped on Friday, tracking tech-led declines on Wall Street overnight after hotter-than-forecast US inflation knocked back bets for how soon and often the Federal Reserve will cut interest rates.

MEDC, GOTO and BBTN led the gains on the LQ45.

Rising import cost and the weakening of rupiah against the US dollar have exacerbated the difficulty of beef procurement. 

The IDX Composite increased by 0.53 percent to close at 7,421.21, setting a new record. The total transaction value today was 17.64 billion stocks, with a value of Rp 20.7 trillion.

Ready-to-drink beverage sales have remained subdued despite major holidays and events that had been expected to boost sales.

Asian shares notched seven month highs on Wednesday, on the back of record peaks on Wall Street, as investors mostly shrugged off slightly hotter-than-expected US inflation, betting it won't derail interest rate cuts expected by the middle of the year.

Domestic car sales were down 18.8 percent year-on-year in February despite a prominent car exhibition held in Jakarta last month.

The presumptive president-elect's idea to privatize Indonesia's hospitality industry appears to have the tacit support of SOEs Minister Erick Thohir.

The flagship carrier gets a taste of Swiftonomics with a boost from concertgoers flying to Singapore. Most of the passengers came from Jakarta and Bali.

Asian stocks rose to a seven-month peak on Friday, tracking global peers as investors cheered the prospect of an imminent rate easing cycle led by major central banks, keeping the dollar and Treasury yields under pressure.

The IDX Composite rose 0.6 percent to 7,373.9 on Thursday. Positive momentum from international and domestic factors contributed to the rise.

Asian stocks rose on Wednesday as traders awaited policy cues from Beijing during its week-long annual session of parliament after a prior lack of stimulus measures disappointed some investors, while gold and bitcoin eased after touching record peaks.

Asian shares mostly slumped on Wednesday after global markets fell as traders locked in profits following recent tech-driven rallies.

The IDX Composite dropped for the fourth day on Tuesday, falling 0.40 percent in the trading day. Most sectors declined, except energy.

An excess supply of electricity in the Java-Bali grid, which has been blamed for hampering the development of renewable power, is expected to be resolved in 2028, says an executive at the state-owned electricity firm.

Two of the companies are categorized as large-scale firms with assets worth more than Rp 250 billion (US$ 15.8 million).

The IDX Composite (IHSG) dropped by 0.06 percent to close at 7,311.90 on Friday after Statistics Indonesia released inflation data for February.

The Business Competition Supervisory Commission (KPPU) has formed a special team to investigate the surge in rice prices, including looking for evidence of potential cartel behavior among rice traders.

A recently extended value-added tax (VAT) incentive is credited with stoking demand for landed properties, according to real estate agencies.

The IDX Composite slipped 0.17 percent to 7,316.11 points on Thursday as investors awaited inflation data from Statistics Indonesia (BPS).

Building on the information uncovered during a focus group discussion on Wednesday, a special team will be deployed to investigate potential market manipulation related to the surge in rice prices, the Business Competition Supervisory Commission (KPPU) has announced.