Indonesian Markets Feel Whiplash of US Tariffs after Holiday Break

JAKARTA COMPOSITE INDEX - JAKARTA. Indonesia's stock market sank and the rupiah fell to a record low on Tuesday as markets reopened after an extended holiday break and reacted to global market turmoil caused by U.S. tariffs.

Trying to assuage concerns, President Prabowo Subianto held a gathering with business executives, during which his administration announced a spate of concessions for U.S. imports ahead of trade negotiations with Washington planned next week.