Asia-Pacific markets fell after U.S. President Donald Trump said Tuesday that he had struck a preliminary trade agreement with Indonesia, which will impose a 19% tariff on the country's exports to the U.S.
Indonesia's central bank is set to release its policy decision later in the day.
President Donald Trump on Tuesday said he reached a preliminary trade deal with Indonesia, which will set a 19% tariff on the Southeast Asian country's U.S. exports.
"We will pay no tariffs. So they are giving us access into Indonesia, which we never had," Trump told reporters outside the White House.
"That's probably the biggest part of the deal. And the other part is they are going to pay 19%," he said.
It was not immediately clear if Jakarta had approved the deal terms as described by Trump. The Indonesian Embassy in Washington, D.C., did not immediately respond to CNBC's request for comment.
Asia markets started the trading day lower.
Japan's benchmark Nikkei 225 was flat at the open, while the Topix slipped 0.11% as of 8.04 a.m. local time (8.04 p.m. ET Tuesday).
South Korea's Kospi lost 0.5% and the small-cap Kosdaq was 0.56% lower.
Australia's S&P/ASX 200 declined 0.82%.
Source: CNBC
US stocks tumbled on Tuesday, with the S&P 500 down 1.1%, the Nasdaq shedding 2.1%, and the Dow losing about 240 points, as investors grew increasingly uneasy over stretched valuations in AI-drive...
European stocks slipped mostly lower Tuesday, with investors locking in some profits on the back of an uncertain economic outlook and with more corporate earnings to digest. The DAX index in Germany ...
Stocks fell Tuesday, pressured by declines in artificial intelligence-related names like Palantir as investors grow increasingly concerned about valuations in the bull market-leading shares. The Dow ...
European stocks opened in negative territory on Tuesday (November 4), reversing the positive sentiment seen at the start of the new trading month. The pan-European Stoxx 600 index was trading more th...
Asian stocks opened lower on Tuesday, reversing Wall Street's rally fueled by Amazon's massive $38 billion deal with OpenAI. Stock markets in South Korea and Japan weakened after a long holiday, while...
US stocks tumbled on Tuesday, with the S&P 500 down 1.1%, the Nasdaq shedding 2.1%, and the Dow losing about 240 points, as investors grew increasingly uneasy over stretched valuations in AI-driven names and cautious outlooks from top Wall...
The USD/JPY pair declines on Tuesday to around 153.50 at the time of writing, down 0.40% on the day, as the Japanese Yen (JPY) attracts fresh safe-haven flows amid renewed global risk aversion. Fears of potential intervention from Japan's Ministry...
European stocks slipped mostly lower Tuesday, with investors locking in some profits on the back of an uncertain economic outlook and with more corporate earnings to digest. The DAX index in Germany closed 0.8% lower, the CAC 40 in France slipped...
Asian stocks opened lower on Tuesday, reversing Wall Street's rally fueled by Amazon's massive $38 billion deal with OpenAI. Stock markets in South...
Asian stock markets moved mixed on Monday, November 3, 2025. Japan led the gains: the Nikkei 225 remained near its record high of around 52.4...
European stocks opened slightly higher in November, with the STOXX 50 and STOXX 600 gaining 0.2%, after closing near record highs in October....
The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's...