FX.co ★ Sector Losses Drag IDX Lower Amid Tariff Concerns

Indonesia’s IDX Composite fell 26 points, or 0.3%, to 8,369 in Tuesday morning trade, pulling back from the previous session’s rally as broad-based sector weakness weighed on the market, led by energy, cyclical, and industrial shares. Sentiment was pressured by a steep overnight decline on Wall Street, driven by persistent worries over AI-related disruptions and renewed volatility stemming from President Trump’s unpredictable trade commentary.

Adding to the cautious tone, President Prabowo instructed officials to evaluate the implications of the U.S. Supreme Court’s recent tariff ruling, ahead of key domestic releases next week, including February inflation and January trade data.

Losses were partly limited by reports that China—Indonesia’s largest trading partner—left its benchmark lending rates at record lows for a ninth consecutive month to shore up growth, as mainland markets resumed trading following the Spring Festival holiday.

Early notable decliners included Impack Pratama Industri (-4.5%), Bukit Uluwatu Villa (-4.1%), Bumi Resources (-2.7%), and Alamtri Minerals Indonesia (-2.4%).