Seeking Alpha

Indonesia election result to remain uncertain for 10+ days

  • The results of Indonesia's presidential election will remain uncertain for at least ten days, as 130M votes still need to be hand-counted across more than 6,000 inhabited islands.
  • Presidential candidates Widodo and Subianto have both claimed victory in preliminary tallies.
  • Indonesian stocks soared as much as 2.8% in early trading after foreign investors bought $263M worth of stock - nearly four times the daily average of foreign buying. The rupiah also gained, hitting a two-month high against the dollar.
  • ETFs: IDX, EIDO, IDXJ
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