JAKARTA – Key global commodity prices soared on Wednesday (9/4) after US President Donald Trump delayed the imposition of reciprocal tariffs for all countries except China.

West Texas Intermediate (WTI) crude oil surged by 9.10% in spot trading, while Brent crude jumped 6.71%, and gold strengthened by 3.45%.

“The rally in several major commodities, combined with the potential rebound of the rupiah against the US dollar, presents a positive catalyst for today’s trading session,” stated the Retail Research team at CGS International Sekuritas Indonesia on Thursday (10/4).

Jakarta Composite Index (JCI) is expected to rebound from the support range of 5,843–5,719, with resistance seen at 6,091–6,215.

President Trump’s surprise announcement to postpone the tariffs at the close of US markets on Wednesday triggered a rally in major indices. The Dow Jones Industrial Average (DJI) rose 7.87%, the Nasdaq soared 12.16%, and the S&P 500 climbed 9.51%.

By contrast, the JCI continued to decline, posting losses of 7.90% on Tuesday (8/4) and a further 0.47% on Wednesday (9/4). These drops have pushed the index down 15.71% year-to-date. (KR/ZH)