Jakarta, July 9 -- The Indonesia Stock Exchange (IDX) has said that United States President Donald Trump's 32-percent import tariff on Indonesian products is not expected to have a significant impact on the country's capital market.

"We have conducted a survey (regarding the impact of the reciprocal tariff on the stock market); (turns out, there will be) relatively no significant impact," director of company valuation at IDX, I Gede Nyoman Yetna, said here on Tuesday.

He explained that the survey results indicate that the policy is unlikely to weigh heavily on market dynamics, mainly because the effect of the tariff will depend on how much listed companies contribute to the exports of the specific products covered by the policy.

"Accor...