Indonesian shares fall after election count shows tougher ride for Jokowi
SINGAPORE, April 10
SINGAPORE, April 10 (Reuters) - Indonesian shares fell 3 percent on Thursday after the main opposition party failed to win enough votes in parliamentary elections to nominate hugely popular Jakarta governor Joko Widodo for the presidency without the help of other parties.
The Jakarta stock exchange sharply underperformed MSCI's broadest index of Asia-Pacific shares outside Japan , which was 0.3 percent higher.
The prospect of a Jokowi presidency has helped lift the Indonesian currency and shares, but early counting after Wednesday's parliamentary vote suggested that his Indonesian Democratic Party-Struggle will have to cut a deal with other parties to get him there in a July poll. (Reporting by Eveline Danubrata; Editing by Paul Tait)
- Tweet this
- Share this
- Digg this
- UK economy picks up in second quarter, recovery pace revised higher
- UK house prices fall for first time in 17 months - Nationwide
- Arsenal must now beat Galatasaray, says Cazorla
- Analysis - Ukraine leader clings to European goal despite Putin
- U.S.-led air strikes pose problem for Assad's moderate foes