The Dow Jones Industrial Average rose 0.27 percent, or 139.02 points, to 52,487.41; the S&P 500 climbed 0.81 percent to 7,543.64; while the Nasdaq Composite posted the sharpest gain among the three, up 1.30 percent to 26,206.89. Wall Street's rally was fueled by a surge in chip stocks, with Micron Technology jumping 4.5 percent and SanDisk soaring 7.6 percent, even as military tensions between the US and Iran continued.
The pattern across all three markets was fairly consistent: positive sentiment stemming from hopes of easing Middle East tensions and optimism around the AI technology cycle served as the main drivers in Jakarta, Singapore, and on Wall Street alike.
Yet the magnitude of the gains diverged sharply โ the tech-heavy Nasdaq and the STI, both laden with AI-linked and financial-sector stocks, posted significant advances, while the IHSG, whose composition leans more heavily toward banking and domestic commodity stocks, moved far more moderately, held back by net foreign selling and lingering concerns over the S&P Dow Jones index reclassification review that had weighed on the IHSG earlier in the week.
