The bromance-turned-to-brawl between US President Donald Trump and billionaire Elon Musk sparked a 14 percent drop in Tesla shares overnight, wiping out US$150 billion in market value.

Jakarta edged higher as the government began rolling out a $1.5 billion stimulus package after Southeast Asia's biggest economy saw its slowest growth in more than three years in the first quarter.

Asian stocks rallied Tuesday as investors kept tabs on developments in the China-US trade war amid speculation the countries' leaders will hold talks soon.

Indonesian coal exports dropped 6.43 percent to 160 million tonnes in the January-April period of 2025, driven by weaker demand from China and India.

World stocks were heading for their best month since late 2023 on Friday and the dollar was flirting with its first monthly rise of the year, while traders waited for key inflation data and assessed the latest in Washington's to and fro on tariffs.

Asian shares continued a rally from Wall Street and the dollar held gains on Wednesday on promising economic signs in the United States and speculation of strong tech earnings.

Equities meandered Tuesday as investors awaited the latest developments on Donald Trump's trade war, while the yen rallied after the head of Japan's central bank flagged more interest rate hikes if the economy improved.

The euro fell on Friday, reversing earlier gains after US President Donald Trump said he would recommend hitting the European Union with 50 percent tariffs from June 1, reigniting investor fears over the impact of duties on the world economy and trade.

Asian shares made some tentative gains on Friday as beaten-down Treasuries found buyers after US President Donald Trump's tax bill narrowly passed the lower house, although debt worries still lingered.

Japanese car brands contributed to almost 90 percent of wholesale in Indonesia throughout 2024 and a large part of those sales are fueled with gasoline, which can be mixed with bioethanol.

Crude prices surged Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and fuel regional conflict fears.

J.P.Morgan upgraded its rating on emerging market (EM) equities to "overweight" from "neutral" on Monday, citing easing US-China trade tensions and a softer dollar.

Asian stocks fell with the dollar Monday after Moody's removed the United States' last gold standard sovereign bond rating, citing the growing debt pile that it warned could balloon further.

Asian stocks were ending a strong week on a softer note on Friday as the euphoria over US-China trade talks faded, while revived bets for policy easing in the United States sparked a rally in beaten-down bond markets.

The government is slated to raise its export levy on crude palm oil from 7.5 percent to 10 percent of the reference price starting May 17 to fund a biofuel program and replanting efforts.

The Argentine government expects to expand its beef export market to Indonesia this year, promising competitive prices and reciprocal access for Indonesian products.  

Asian stocks fluctuated Wednesday, with investors struggling to track a strong day on Wall Street as euphoria over the China-US trade detente petered out.

Dairy products, especially milk, could be on the menu of renegotiated trade talks with the US, Kadin has said, suggesting that powdered milk imports could be used for the President's free meals program.

The dollar retreated slightly on Tuesday but held most of its gains on lingering optimism over a tariff deal between the United States and China, which tapped the brakes on a trade war between the world's two largest economies.

Japanese stocks jumped on Friday, supported by the dollar's surge against the yen, after a US trade deal with Britain fueled hopes of progress in tariff talks with other countries.

Shares in Asia rose on Thursday after US President Donald Trump flagged a first trade deal in his global tariff war, while the dollar held most of its overnight gains as markets pushed out the chance of near-term rate cuts.

US stock futures and Chinese markets rose on Wednesday, as investors cheered news of a meeting between top US and Chinese trade officials as a chance to tone down the tariffs, while China cut interest rates and vowed to support stock markets.

The proposal has drawn pushback from a farmers’ association, which says the current global price surge is a rare opportunity to maximize profits after years of depressed returns.

Record-high yields in the first four months of the year has helped expand the national rice reserve from 1.7 million to 3.5 million tonnes, inadvertently leading to a shortage of storage facilities but also creating an export opportunity.

Indonesia is looking to strengthen local currency usage in partnership with multilateral development banks (MDBs) amid global economic challenges and to support sustainable development.

This practice has pushed several miners out of business, according to the association, while others that have remained operational either have the large-scale capacity to do so or are simply operating to keep equipment running and preserve jobs.

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed.

The dollar was losing ground again on Monday as a meteoric surge in its Taiwanese counterpart spilled over elsewhere, fueling speculation some Asian countries were prepared to engineer revaluations to win US trade concessions.

OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the group said on Saturday, despite falling prices and expectations of weaker demand.

Asian stock markets and US futures rose on Friday as signs of possible trade talks between the US and China lifted risk sentiment after lacklustre earnings from tech bellwethers Apple and Amazon fueled worries about the impact of tariffs.