0845 GMT - The trade deal announced by Trump looks positive for Indonesian equities, says Jen-Ai Chua, equity analyst at Julius Baer. Under the outlined terms, Indonesian goods face a U.S. tariff of 19%. The lower rate vis-à-vis Vietnam, its key competitor in the garment and footwear space, which has been subject to a 20% tariff, is a win, she says. Indonesia's expected purchases of U.S. energy and agricultural products as well as 50 Boeing jets are set to close the trade deficit with America for one year, says Chua. Julius Baer remains overweight on Indonesian equities, liking their attractive valuations and structural growth drivers in terms of abundant natural resources and a young, increasingly wealthy population. The trade news should boost sentiment and stock-market momentum in the short run. Jakarta's benchmark index was last 0.9% higher. (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
July 16, 2025 04:45 ET (08:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.