Indonesia’s stock market plunged over 9% on April 8, 2025, during its first trading session since March 27, triggering a 30-minute suspension. The Jakarta Composite Index hit its lowest level since June 2021, reflecting global market turmoil caused by U.S. tariffs, including a 32% tariff on Indonesian goods. The rupiah also fell 1.8%, reaching a record low of 16,850 against the U.S. dollar, surpassing its Asian Financial Crisis levels
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