Indonesia penalizes JPMorgan after downgrade

• Indonesia's government has terminated all business partnerships with JPMorgan (NYSE:JPM) after the U.S. bank downgraded its assessment of Southeast Asia's largest economy following the election of Donald Trump.
• "I don't think it will affect investor interest in Indonesia but it does reflect the difficulty of sell-side analysts... in producing balanced research reports," said Alan Richardson, an investment manager at Samsung Asset Management.
• ETFs: IDX, EIDO, IF, IDXJ