The IDX Composite declined 0.57 percent to close Friday's trading at 7,137.

Indonesia’s nickel miners are bracing for a price slump in 2024, as the global glut is expected to continue growing while demand growth has declined.

Asian shares were set on Friday to snap a three-week losing streak, while investors awaited a key reading on US inflation later in the day to gauge the outlook for US rates.

The IDX Composite (IHSG) declined by 0.69 percent, or 49.78 points, and closed at 7,178.04 on Thursday as investors await United States economic data.

Indonesia's sugar production must reach 9.7 million tonnes by 2030 to be self-sufficient, where currently the country only produces around 2.5 million tonnes.

The Indonesian Stock Exchange (IDX) Composite (IHSG) posted a 0.11-percent gain on Tuesday, closing at 7,234.46.

The Indonesian Palm Oil Association (GAPKI) says the drop is the result of a weakened global economy caused by the prolonged Russia-Ukraine war, conflicts in Middle East and a slowing Chinese economy.

Hong Kong led a rally across Asian markets Tuesday as traders were cheered by reports that Chinese authorities were considering a blockbuster boost to equities after a painful start to the year.

More Chinese firms will enter the Indonesian market as they face a weaker domestic economy back home and increased restrictions to enter European and United States markets, HSBC said.

The US company in the fourth quarter lost its crown as the world's biggest electric vehicle seller to China's BYD, but during the first 10 months of 2023 both companies grew their share of a slowing and highly competitive Chinese EV market.

Asian shares tracked Tokyo higher on Monday as AI hype helped the tech sector ahead of a week brimming with central bank meetings, major economic data and corporate earnings.

The Indonesia Stock Exchange (IDX) Composite (IHSG) closed at 7,227.40, losing 25.56 points or 0.35 percent, on Friday. It recorded a 0.19 percent decline for the week.

The Indonesia Stock Exchange (IDX) Composite maintained its position in the green zone on Thursday, rising 52.33 points, or 0.73 percent, to close at 7,252.96.

The Energy and Mineral Resources Ministry aims to auction 10 oil and gas working areas this year and offer companies a better deal for higher-risk areas.

IDX Composite closed 0.26 percent higher to 7,242.78 on Tuesday. The index was down over 1 percent in the past week, while mutual funds rose.

The dollar rose on Tuesday as investors pared back bets on near-term rate-cuts by the US Federal Reserve following hawkish comments from European Central Bank officials, while worries of more attacks on ships in the Red Sea weighed on risk sentiment.

The IDX Composite declined 0.24 percent to close at 7,224 on Monday, when Statistics Indonesia published its December 2023 data on the trade balance and the central bank released its November 2023 data on external debt.

The government is considering compressed natural gas (CNG) as an alternative to reduce Indonesia’s dependence on costly imports of liquefied petroleum gas (LPG) to meet domestic needs.

China stocks and bonds struggled for direction on Monday after the central bank surprised markets by leaving the interest rate unchanged when rolling over maturing medium-term policy loans.

The IDX composite strengthened by 0.29 percent to close at 7,241.13 on Friday after the US published consumer price data for December 2023.

Oil prices surged Friday after US and UK forces launched strikes against Iran-backed Huthi rebels in Yemen following attacks on ships in the Red Sea, fueling worries about a wider conflict in the crude-rich region.

Asian stocks rose on Thursday ahead of US inflation data that could influence the Federal Reserve's thinking on rate cuts, while the crypto world got a boost after exchange-traded funds (ETFs) to track bitcoin were approved in the United States.

The Indonesia Stock Exchange (IDX) Composite rebounded 0.38 percent to 7,227.29 on Wednesday ahead of United States consumer price index data, as the World Bank forecasts slower global growth this year.

IDX Composite plummeted by 1.23 percent to 7,200.20 on Tuesday, with an analyst suggesting that investors consider stocks with strong fundamentals amid a possible market correction.

The IDX Composite index saw an overall declining trend on Monday as it dropped 0.91 percent to close at 7,283.57, after market sentiment responded to a reported surge in Bank Indonesia's December 2023 forex reserves to $146.4 billion.

Bank Indonesia said that December's forex reserves remained sufficient to support 6.5 months of imports and payments of the government's short-term debt.

Asian share markets dawdled on Monday as investors braced for US and Chinese inflation data, along with a corporate reporting season where robust results are needed to justify high stock valuations.

The IDX Composite fell by 0.12 percent to 7,350.61 on Friday. The financial sector led the gains, while the health sector suffered the biggest loss.

US job growth likely moderated in December, while the increase in annual wages probably slowed to below 4 percent for the first time in 2-1/2 years, potentially drawing the Federal Reserve a step closer to start cutting interest rates.

Industry insiders and experts believe commodity prices will continue their downward trend this year from the multiyear highs recorded in 2022 but settle at a higher level than where they were before COVID-19 disrupted markets.