EMERGING MARKETS-Indonesian Stocks Fall to Over 3-Year Low, US Tariff Concerns Linger

ASIAN MARKET - SINGAPORE. Indonesian stocks plunged 4% on Monday and its currency hit a three-week low as traders sold out on concerns around the country's fiscal health, with risk appetite subdued by the threat of steep U.S. tariff hikes on the horizon. 

Jakarta's equity index fell 4.7% to its lowest since August 20, 2021, led by a sharp selloff in resources and banking stocks, but avoided a 5% breach that would have triggered a 30-minute trading halt - a scenario it faced last Tuesday.