Market Pulse: A Turbulent Second Round

The market is slowly digesting the results of Jakarta's first-round governor election. And, as no candidate got an absolute majority (above 50 percent), we will have to go through a second round, which prolongs an already contentious election campaign, further raising political and business uncertainty for market players. The current governor Basuki Tjahaja Purnama, or Ahok as most like to call him, got the highest votes, with 43 percent. But it i

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