China stocks surged and commodities found support on Tuesday on Beijing's new promises of rate cuts and a boost to consumption, while the Australian dollar slid and global stocks were wobbly ahead of a crucial US inflation reading.

China said on Monday it has launched an investigation into Nvidia over suspected violations of the country's anti-monopoly law, in a move widely seen as a retaliatory shot against Washington's latest curbs on the Chinese chip sector.

Chinese developers have spare capacity but face constraints in expanding abroad due to financial challenges following the property bust in their own country.

The IDX Composite index rose by 0.74 percent on Monday, driven by sectoral gains, strong consumer confidence and the start of window dressing.

Those companies are Japan’s PT Nesinak Manufacturing Indonesia as well as China’s PT Youmi Medika Industri and PT Luban Material Indonesia.

“This [move] highlights that there is no coordination between [ministries]," said Andry Satrio Nugroho of the Institute for Development of Economics and Finance (Indef).

Prabowo, who took office in October, aims to ease dependence on imported fuel and plans to offer dozens of new oil and gas blocks to investors in coming years.

Indian Ambassador to Indonesia Sandeep Chakravorty says at least three Indian pharmaceutical companies are eyeing investment opportunities in Indonesia, including MSN Laboratories and Dr. Reddy’s Laboratories.

Indonesia’s financial market faces a net foreign capital outflow of Rp 5.13 trillion (US$323.4 million) as of early December 2024, the latest report from BI has said.

The plan comes as the country is estimated to lose over 100,000 hectares (ha) of rice fields each year due to land conversion. Meanwhile, the country has projected it could only create 60,000 ha of new rice fields annually.

South Korean stocks fell more than one percent Monday as the country was racked with political uncertainty after President Yoon Suk Yeol averted impeachment following his brief imposition of martial law last week.

The country is planning to add nuclear power to the national energy mix through a small-scale nuclear power plant, targeted to start operating by 2032, as part of its energy transition to fulfill its net-zero commitment.

Leading global alcoholic beverage company Diageo has expanded its footprint in Indonesia with a new extended factory facility in Tabanan, Bali.

Indonesia’s flag carrier plans to more than double aircraft procurement in 2025 from what was a relatively small number of planes bought in 2024.

Federal Reserve officials appear on track to cut interest rates this month after data showed the US labor market remained strong but continued to cool in November, even as debate emerged over a possible pause to rate cuts in the new year.

Banks joining the voluntary NZBA agree to align with the world's aim of reaching net-zero emissions by 2050, set targets to help get them there and publish progress on their efforts each year, something Goldman Sachs said it would continue to do.

The share of young married individuals has continued shrinking to 30.61 percent last year from 44.45 percent a decade ago, while the share of unmarried young individuals has risen to 68.29 percent in 2023 from 54.11 percent in 2014.

It was carefully crafted to deal only with control by a foreign adversary, and it was part of a broader effort to counter a well-substantiated national security threat posed by the PRC [People's Republic of China]," the appeals court argued.

The United Nations' world food price index rose in November to its highest level since April 2023, recording its biggest gain in 19 months on the back of surging vegetable oil prices, data showed on Friday.

The IDX Composite rose by 0.95 percent to 7,382.785 on Friday, with strong gains in technology and property stocks.

Following widespread backlash late last month on the government's plan to hike the VAT rate to 12 percent from Jan. 1, House Commission XI is proposing a selective implementation of the new rate to just luxury goods, both domestic and foreign.

The domestic industry is projected to produce 16.4 gigawatt-peaks (GWp) worth of solar panels per year as well as 31.4 gigawatt-hours (GWh) per year worth of battery storage systems.

A minister said the President had pitched the giant seawall project to Japanese business leaders through flexible cooperation schemes, in a bid to woo potential investors to the mega infrastructure project aiming to mitigate coastal erosion and subsidence.  

Vietnam is vulnerable to becoming the Trump administration's next target for tariffs as data shows its trade surplus with the United States ballooning, industry executives and analysts said.

The Industry Ministry has hinted at possibly expanding exemptions from the luxury sales tax and VAT to non-EVs in a bid to bolster the lagging car industry, though the announcement was short on details about the potential incentive.

Switzerland's biggest bank, which is among the world's largest wealth managers, said the number of dollar billionaires increased from 1,757 to 2,682 over the past 10 years, peaking in 2021 with 2,686.

The government will continue to “prioritize domestic interests” as long as energy transition technology remains expensive and the Indonesian economy is not yet strong, Energy and Mineral Resources Minister Bahlil Lahadalia said in a speech at the Indonesia Mining Summit.