The US-China Trade War in Macroeconomic Studies of the Indonesian Sharia Stock Index

A number of studies have been the witness pros and cons about whether US-China trade war affected world’s macroeconomics. This study aims to analyze effect macroeconomic variables on Indonesian Sharia Stock Index (ISSI) during period between United States China. The research’s assumption is delved from occurrence a two countries with largest economic valuations in world can disrupt economy including investment. urgency this research measure impact sharia stock index which one factors growth. analytical method used Vector Error Correction Model (VECM) examine long-term short-term impacts. results indicate that short term BI Rate, FED USD Exchange CNY World Gold Price, Oil Exports, Imports no (ISSI). show negative (ISSI), while Exports positive Based these government expected tighten fiscal monetary policies so future if something similar happens, remains right track.