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Indonesia stock market falls 9%, rupiah drops to record low

  • On Tuesday, April 8, Indonesian stocks plunged after markets reopened following a week-long holiday.
  • Global market turmoil, spurred by U.S. President Trump's tariffs, created pressure on Indonesian markets.
  • The Jakarta Composite Index fell sharply, triggering a 30-minute trading suspension at 9:29 am Jakarta time.
  • The Jakarta Composite Index dropped 9.19 percent, while the rupiah fell 1.7 percent to 16,845 per US dollar.
  • The Indonesia Stock Exchange adjusted trading halt thresholds to ensure orderly trading amid investor concerns about escalating global risks.
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The stockmarket took a deep plunge

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Indonesia stocks plunge on Trump tariffs after weeklong break

Indonesian stocks tanked more than seven percent on Tuesday after a weeklong public holiday break, with trading briefly suspended at the open as uncertainty over US President Donald Trump's global tariffs roils markets.

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Business Times broke the news in on Tuesday, April 8, 2025.
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