"Saksikan tayangan kami Official Youtube IDX Channel di Program Market Buzz, Senin (20/01/2025) dengan Tema Peluang Saham Sambut Pelantikan Presiden AS Donald Trump".
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00:00Updul, thank you for joining us.
00:02Updul, can you tell us about the movement of ISG
00:05a few weeks ago or maybe at the end of the week
00:08when it was successfully closed in the green zone?
00:11How many people were there?
00:13How many people were there?
00:15How many people were there?
00:17How many people were there?
00:19How many people were there?
00:21How many people were there?
00:23How many people were there?
00:25How many people were there?
00:27How many people were there?
00:29How many people were there?
00:31How many people were there?
00:33How many people were there?
00:35How many people were there?
00:37How many people were there?
00:39How many people were there?
00:41How many people were there?
00:43How many people were there?
00:45How many people were there?
00:47How many people were there?
00:49How many people were there?
00:51How many people were there?
00:53How many people were there?
00:55How many people were there?
00:57How many people were there?
00:59How many people were there?
01:01How many people were there?
01:03How many people were there?
01:05How many people were there?
01:07How many people were there?
01:09How many people were there?
01:11How many people were there?
01:13How many people were there?
01:15How many people were there?
01:17How many people were there?
01:19How many people were there?
01:21How many people were there?
01:23How many people were there?
01:25Bank Indonesia cut Indonesia's flow rate
01:27from 25 basis points
01:29to 5.75 percent.
01:31If we look at the past
01:33trading,
01:35the banks became
01:37the leader
01:39of the ISG,
01:41where when Bank Indonesia
01:43cut the flow rate,
01:45the banks immediately moved
01:47to strengthen it. Even the BBRI and
01:49the BMRI experienced significant
01:51strengthening on Wednesday
01:53and Thursday last week.
01:55On Friday,
01:57it was not the banks
01:59that performed, but it was
02:01the conglomerates.
02:03There were brands there
02:05who became supporters
02:07of the ISG itself.
02:09So last week,
02:11the catalysts were quite mixed
02:13because in terms of Bank Indonesia itself,
02:15the consensus was held by the Bunga tribe,
02:17but beyond
02:19the expectations of analysts,
02:21Bank Indonesia cut the Bunga tribe
02:23when the rupiah was still depreciated
02:25last week,
02:27even in January.
02:29It even reached the level of
02:31Rp16,400.
02:33But what is also anticipated is
02:35related to the appointment of Donald Trump
02:37earlier this week.
02:39Mas Abdul, what
02:41do you see or
02:43analyze? Can this
02:45also help
02:47a little
02:49as a booster for the global market?
02:51Or maybe there are some
02:53concerns that
02:55seem to be worried by investors.
02:57And how is this
02:59projected to the movement of the ISG
03:01this weekend in your opinion?
03:03Okay, related to
03:05Donald Trump's appointment,
03:07we know that Donald Trump
03:09was elected
03:11in the fourth quarter
03:13of 2024.
03:15Since Donald Trump was elected,
03:17the stock market in Indonesia,
03:19especially domestically,
03:21has been depressed.
03:23Even depressed since the all-time high touched.
03:25This is the opposite of the
03:27stock market in the United States,
03:29where since the election of Donald Trump,
03:31the policy that will be brought
03:33is protectionist, American first.
03:35It strengthens
03:37the stock market in the United States
03:39because there is a potential for economic
03:41growth that will be
03:43quite massive in the United States
03:45and the money circulation will also be
03:47a lot in the United States
03:49so there is a potential for inflation
03:51to be even higher.
03:53Now, let's see if there is
03:55a chance or a booster
03:57from Donald Trump's appointment
03:59to the domestic stock market.
04:01We see again that
04:03the outflow continues
04:05to be depreciated
04:07since the election of Donald Trump.
04:09So indeed,
04:11we see that the election of Donald Trump
04:13has become a negative catalyst
04:15for the domestic stock market.
04:17And we also see that
04:19the Chinese stock market is also
04:21quite significantly affected.
04:23And if we look further,
04:25when Donald Trump imposed
04:27an import tariff to China
04:29at the beginning of 2018,
04:31when Donald Trump was elected,
04:33the Chinese stock market
04:35fell 13%, if I'm not mistaken.
04:37Shanghai Index.
04:39And of course,
04:41we are worried that it will happen again.
04:43But what we know is that China
04:45is a developing country,
04:47a superpower,
04:49which when it was defeated
04:51in 2018, the United States
04:53imposed an import tariff
04:55on the Chinese stock market,
04:57China also imposed an import tariff
04:59on the US stock market.
05:01So indeed, this trade war
05:03will happen again, of course.
05:05And later we will see how China
05:07responds to the US response.
05:09In terms of the domestic market,
05:11it is still at a disadvantage
05:13because the potential outflow
05:15occurs when Donald Trump is elected
05:17with the protectionist policy.
05:19How can Indonesia
05:21take advantage of this trade war
05:23to become a potential?
05:25That's the most important thing
05:27that can be done.
05:29Can we maximize it or not?
05:31Especially for companies
05:33based on commodity
05:35and also have an impact
05:37on the global economy.