Indonesia stocks tumble after party split

|By:, SA News Editor

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