Trump Delays Tariff Policy, Indonesian Stock Exchange Strengthens (Thursday, April 10, 2025)

The Jakarta Composite Index (IHSG) rose 4.79% to close at 6,254.02 on Thursday (April 10, 2025).

The index strengthened after US President Donald Trump announced a postponement of the implementation of trade tariffs for several countries, including Indonesia.

Initially, Trump was going to impose a 32% import tariff on Indonesian products exported to the US starting April 2025. However, the implementation has now been postponed.

"I have authorized a 90-day delay and a substantial tariff reduction during this period, to 10%, which is also effective immediately," Trump said, as reported by *The Associated Press*, Thursday (April 10, 2025).

Based on the IDX-IC Sectoral Index, all 11 domestic stock sectors strengthened today.

The basic materials sector led the gains, rising by 7.03%. This was followed by the non-cyclical consumer goods sector and the energy sector, which rose by 6.11% and 5.51%, respectively.

According to RTI Business data, the frequency of domestic stock trades today reached 1.2 million transactions.

A total of 22.74 billion shares changed hands, with a total transaction value of Rp 15.55 trillion.

553 stocks closed higher today, 160 stocks were stagnant, and 84 stocks weakened.

Today's top gainer was DNAR, which soared 34.88%, followed by FUTR and CENT, which rose 33.82% and 29.31%, respectively.

On the other hand, the stock with the code CSIS became the top loser after plunging 12.31%, followed by SAFE and WINR, which corrected 10.17% and 10%, respectively.

In line with the IHSG, Asian markets strengthened this afternoon. The Nikkei index rose 9.13% to 34,609; the Hang Seng index rose 2.06% to 20,681.78; the Shanghai index rose 1.16% to 3,223.64; and the Straits Times index rose 5.43% to 3,557.83.