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Indonesia's stock market fell 9.2% in early trade and closed 7.9% lower on April 8 after reopening from a holiday. The rupiah dropped as much as 1.9% to 16,868 per dollar, a record low, as global markets reacted to US tariffs.
The sharp rupiah sell-off raises the local cost of imported feed ingredients and signals stress in Indonesia's financial conditions that could affect importers' hedging and purchasing.
reuters.comStefanno SulaimanApr 8, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
