Haven Bets Fall Apart in Southeast Asia as Indonesia Sells Off

Once touted as a haven for investors to navigate Donald Trump’s tariff wars, Southeast Asia has all but lost that appeal as a region-wide stock rout deepens.

With Tuesday’s collapse, Indonesia comes close to Thailand in posting the biggest loss this year among 92 major equity benchmarks tracked by Bloomberg. Malaysia is among the bottom ten performers. Few expect the gloom to dissipate soon as local economic woes come to a head and traders realize the sweeping impact of Trump’s disruptive policies.