Trade War Fears Jolt Financial Markets
Global share prices and major emerging market currencies dropped on Friday, after US President Donald Trump announced import tariffs on Chinese products. Stock markets in some countries closed lower.
An employee walks past monitors displaying stock prices at Indonesia Stock Exchange (IDX) in Jakarta on Friday (23/3). The Jakarta Composite Index closed down 0.69 percent, or 43.48 points, at the level of 6,210.7 points.
JAKARTA, KOMPAS – Global share prices and major emerging market currencies dropped on Friday, after US President Donald Trump announced import tariffs on Chinese products. Stock markets in some countries closed lower.
The Jakarta Composite Stock Price Index (JCI) fell 0.69 percent to close at 6,210.7 points. Since the beginning of this year, the JCI has lost 2.28 percent. In the Asian region, Japan\'s Nikkei 225 index dropped 4.51 percent, while South Korea\'s Kospi Index and Hong Kong\'s Hang Seng Index lost 3.18 percent and 2.45 percent, respectively. The rupiah weakened to Rp 13,780 per US dollar, according to the Jakarta Interbank Spot Dollar Rate.