US Tariff Policy Impact: Indonesian Stock Exchange Closes Down 1.40% (Monday, February 10, 2025)
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The Jakarta Composite Index (IHSG) fell 1.40% to 6,648.14 at the close of trading on Monday (February 10, 2025).
According to Pilarmas Investindo Sekuritas, this weakening was due to the sentiment surrounding the 25% import tariff policy implemented by United States President Donald Trump.
"The US government's tariff policy is predicted to continue, thus impacting emerging market countries," wrote the Pilarmas Investindo Sekuritas Research Team in its study, as reported by Antara on Monday (February 10, 2025).
Indonesia is one of the countries affected by this policy, as it is considered to be vulnerable to interest rate levels and requires more significant cuts to its benchmark interest rate.
Based on the IDX-IC Sectoral Index, 9 out of 11 stock sectors were corrected today. The infrastructure sector fell the most, by 3.09%, followed by the energy and finance sectors, which fell 2.43% and 1.29%, respectively.
Meanwhile, two sectors strengthened: the health sector, up 0.22%, and the basic materials sector, up 0.15%.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.30 million transactions.
A total of 17.82 billion shares changed hands, with a total transaction value of Rp11.54 trillion.
407 stocks closed lower today, 194 stocks rose, and 193 stocks were stagnant.
The issuer with the code MMIX was today's top loser, falling 24.26%, followed by CUAN and SONA, which fell 19.87% and 17.76%, respectively.
On the other hand, today's top gainer was INDX, soaring 30.95%, followed by FMII and LION, both rising 25%.
Unlike the IHSG, all Asian markets closed higher this afternoon. The Nikkei index rose 0.04% to 38,801.17; the Hang Seng index rose 1.84% to 21,521.98; the Shanghai index rose 0.56% to 3,322.17; and the Strait Times index rose 0.36% to 3,875.13.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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