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Indonesia's stock market plunges amid economic policy uncertainty and fears of U.S. tariffs.
Indonesia's stock market, tracked by the Jakarta Composite Index, saw significant declines due to investor uncertainty over economic policies under President Prabowo, concerns about fiscal stability, and the impact of potential U.S. tariffs.
The index fell sharply, reflecting worries over the transfer of state companies to a new sovereign wealth fund and the potential resignation of Finance Minister Sri Mulyani.
This has led to a drop in investor confidence, with foreign investors accelerating their divestments.
The rupiah and bond market also faced instability.
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El mercado de valores de Indonesia se hunde en medio de la incertidumbre de la política económica y los temores a los aranceles estadounidenses.