From Singapore to Vietnam, ASEAN markets still feeling Trump tariff whiplash

Shopee owner Sea regains ground after pause, but oil and gas groups struggle

20250416N Indonesia Stock Exchange

Indonesian energy and resource stocks saw sharp swings this month. (Photo by Ken Kobayashi)

KENYA AKAMA, TOMOYOSHI OSHIKIRI and YUJI NITTA

BANGKOK/JAKARTA/HANOI -- The disruption caused by the Trump administration's fast-changing tariff policy has roiled Southeast Asian stock markets, wiping out over $160 billion in value before a reversal fixed most, but not all, of the damage.

The uncertainty over U.S. President Donald Trump's "reciprocal" tariffs -- announced on April 2 before being largely paused a week later -- has also led companies to rethink plans including an initial public offering.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.