JAKARTA — The Indonesia Stock Exchange (IDX) Composite index tumbled 9.2% to 5,912 on Tuesday morning, reflecting growing fears over the effects of the sweeping new U.S. tariff policy as trading resumed after the weeklong Eid holiday break.
Jakarta’s markets had been closed for seven trading days for a string of holidays to mark the end of Ramadan and a Hindu holy day. Tuesday is the first day after U.S. President Donald Trump imposed tougher-than-expected levies on trading partners last Thursday.
