US-China Trade War Heats Up, Indonesian Stock Exchange (IHSG) Weakens Further (Wednesday, April 9, 2025)

The Jakarta Composite Index (IHSG) fell 0.47% to 5,967.99 at the close of trading on Wednesday (April 9, 2025).

The index decline occurred amid escalating trade tariff tensions between the United States (US) and China.

"The US has again targeted new additional tariffs on China. This is feared to further increase economic volatility," said Oktavianus Audi, VP of Marketing, Strategy & Planning at Kiwoom Sekuritas, as reported by *Antara* on Wednesday (April 9, 2025).

Starting today, US President Donald Trump imposed import tariffs of up to 104% on imported products from China, as "retaliation" for China's 34% tariff on imported products from the US.

Based on the IDX-IC Sectoral Index, six domestic stock sectors were corrected today. The basic materials sector fell the most, by 3.07%, followed by the non-primary consumer goods sector and the energy sector, which corrected by 2.24% and 1.43%, respectively.

Meanwhile, five stock sectors strengthened. The infrastructure sector led with a 0.94% increase. This was followed by the health and industrial sectors, which rose by 0.78% and 0.75%, respectively.

According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.09 million transactions.

A total of 18.6 billion shares changed hands, with a total transaction value of Rp 12.08 trillion.

307 stocks closed lower today, 298 stocks rose, and 188 stocks were stagnant.

The stock with the code HOMI was today's top loser, falling 15%, followed by YUPI and RATU, which fell 14.98% and 14.91%, respectively.

Meanwhile, today's top gainer was CENT, which soared 34.88%, followed by KBLV and SONA, which rose 34.83% and 25%, respectively.

Asian stock exchanges closed mixed this afternoon. The Nikkei Index fell 3.93% to 31,714.03; the Hang Seng Index rose 0.68% to 20,264.49; the Shanghai Index rose 1.31% to 3,186.81; and the Straits Times Index fell 2.18% to 3,393.69.