TD Securities analysts point out that Indonesia holds Presidential and Parliamentary elections today and will be a key event for the Asian markets.
“Polls point to a win by 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.”
“A Jokowi win would likely elicit a more positive market reaction given that he is perceived as a stronger reform, whilePrabowo is seen as somewhat of an unknown quantity.”
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