Indonesia: Stocks Slip After Recent Strength.

Indonesian shares fell 0.2% to 5,115 in Wednesday morning trade, snapping a five-session winning streak as losses in basic materials and infrastructure weighed on sentiment. The market retreated from a near two-week high amid political uncertainty after ViP Gibran Rakabuming met President Prabowo and expressed his intention to resign, following court rulings on his education credentials. Traders also assessed regulatory changes as the bourse expanded its high-share-holding-concentration watchlist to 383 stocks from 83. Overnight, Wall Street ended lower after strong U.S. inflation data lifted expectations of further Fed rate hikes. In main trading partner China, trade surplus topped $1 trillion in the first 10 months of the year, supported by strong high-tech exports amid the AI hardware boom, helping offset weak domestic demand. Among notable laggards, Indo Tambangraya Megah fell 4.1%, followed by Merdeka Copper Gold (-3.6%), Archi Indonesia (-3.4%), and Indika Energy (-2.4%).