Reported about 10 hours ago
Indonesian stocks and bonds experienced a continued selloff following a weekend of protests against rising living costs and inequality, with the equity benchmark dropping as much as 3.6%. Market concerns over political stability have intensified as President Prabowo canceled a trip to China amidst rising tensions, while the bond market also showed signs of stress with increased yields. The unrest has triggered fears of capital outflows, impacting the financial sector as foreign investors reevaluate their positions in Indonesia.
Source: YAHOO