Indonesia led gains in Asian stocks and currencies on Wednesday, while the dollar stayed weaker as U.S. President Donald Trump's tariffs on China, Canada and Mexico prompted retaliatory levies.
The Indonesian rupiah rose 0.7%, while stocks climbed as much as 3% after a 2.1% decline on Tuesday. Trump triggered a tariff war on Tuesday as his new 25% tariffs on imports from Mexico and Canada took effect, along with a doubling of duties on Chinese goods to 20%.
