Indonesia's rupiah hit a record low and its equities sank on Tuesday, as traders returned after an extended break to price in the impact of sweeping U.S. tariffs that threatened to upend global trade and stoked recession fears.
Jakarta stocks were last down 7.6%, on course for their biggest one-day percentage fall since September 2011. The benchmark index had dropped more than 9% in early trading, triggering a 30-minute halt. The rupiah fell 1.8% to an all-time low of 16,860 against the U.S. dollar.
