JAKARTA – Stock indices in several countries dropped by as much as 4% in local trading, while Jakarta Composite Index (JCI) inched up 0.18% in early session I at 9.47 AM WIB on Friday (11/4).

During the morning session, the Dow Jones Industrial Average (DJI) declined by 2.50% to 39,593.66, the S&P 500 fell 3.46% to 5,268.05 points, the Nasdaq Composite dropped 4.31% to 16,387.31, and the NYSE Composite lost 2.76% to 17,890.57 points.

Meanwhile, indices in Asia showed mixed performances. The Hang Seng Index gained 0.41% to 20,592.55, while the Straits Times Index (STI) dropped 2.18% to 3,499.80 points. Malaysia’s Bursa index rose 0.27% to 7.53 MYR, and the JCI edged up 0.18% to 6,255.34 points as of 09:47 WIB.

Domestically, several large-cap stocks moved into negative territory, including PT Bayan Resources Tbk (BYAN), down 0.62% to IDR 19,950; PT Indo Tambangraya Megah Tbk (ITMG), which slipped 0.21% to IDR 23,225; and dan PT Bukit Asam Tbk (PTBA), down 0.75% to IDR 2,660 per share.

Stock markets across several countries, particularly in Asia, have reacted to the ongoing tariff war between the United States and China since last week (2/4). The US raised import tariffs on Chinese goods to 125%, and China retaliated by hiking its own tariffs to 84%. Indonesia has opted for a path of negotiation in response to the tariff policy announced by US President Donald J. Trump. (LK/ZH)