The Indonesia stock market rebounded on Monday, with the Jakarta Composite Index climbing 1.25 percent to close just below 8,650 points. Financial, resource, and telecom stocks led the gains. However, global markets are expected to see profit-taking ahead of the year-end, following a mixed performance in Europe and a decline in the U.S. bourses. In the U.S., major averages finished lower on Monday due to profit-taking and tech stock declines. Meanwhile, pending home sales in the U.S. rose more than expected in November. Crude oil prices surged over concerns of supply disruptions from various geopolitical conflicts.

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