- Jusuf Kalla, the former chairman of Golkar - Indonesia's second-largest political party - has split to join the presidential ticket of front-runner Joko Widodo (known as Jokowi) as his party formed a coalition with Jokowi's fast-gaining rival.
- Not liking the uncertainly, investors sold, sending the JSX Index lower by 2.4%.
- As recently as last week, Golkar was rumored to be forming a coalition with Jokowi, but demanded terms for its endorsement, a condition Jokowi - known for his reform-minded clean governance as Governor of Jakarta - was not willing to satisfy.
- ETFs: IDX, EIDO, IDXJ
at MarketWatch.com (May 22, 2014)