Indonesia: All eyes on elections - TDS

Sandeep Kanihama FXStreet Contributor

Mitul Kotecha, senior emerging markets strategist at TD Securities, points out that the Indonesia holds Presidential and Parliamentary elections tomorrow and will be a key event for the Asian markets.

Key Quotes

“Polls point to a win by the incumbent President Jokowi against his opponent Prabowo.”

“However, there are a large number of undecided voters and those who may yet change their minds, which suggest that a Jokowi win is by no means a done deal.”

“Resource nationalism and identity politics have taken a greater hold in politics, regardless of who wins the election.”

“Infrastructure is key to Jokowi's policy agenda, while Prabowo is focusing on attacking corruption.”

“A Jokowi win would likely elicit a more positive market reaction given that he is perceived as a stronger reform, while Prabowo is seen as somewhat of an unknown quantity.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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