Seeking Alpha

Indonesia stocks tumble after party split

  • 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
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs