JAKARTA. Some domestic issues will be overshadowing Indonesia’s stock market until two weeks ahead. The hottest domestic issue is the gubernatorial election in Jakarta that will be held on 15 February 2017. Aside of Jakarta, the local elections will be held concurrently in at least 100 regions across Indonesia. Therefore, the market will be carefully monitoring the domestic political dynamics. Some analysts estimate that the concurrent local elections will be the most significant issue for the market participants. Economist at Bank Central Asia David Sumual said, the local elections, including Jakarta gubernatorial election will affect the market in this year. Let alone, if the Jakarta’s gubernatorial election lasts up to the second round.
Domestic issues overshadowing stock market
JAKARTA. Some domestic issues will be overshadowing Indonesia’s stock market until two weeks ahead. The hottest domestic issue is the gubernatorial election in Jakarta that will be held on 15 February 2017. Aside of Jakarta, the local elections will be held concurrently in at least 100 regions across Indonesia. Therefore, the market will be carefully monitoring the domestic political dynamics. Some analysts estimate that the concurrent local elections will be the most significant issue for the market participants. Economist at Bank Central Asia David Sumual said, the local elections, including Jakarta gubernatorial election will affect the market in this year. Let alone, if the Jakarta’s gubernatorial election lasts up to the second round.