Market Pulse: Jokowi's 2018 'election' Budget

Last Thursday at lunch time, the rupiah got hit, trembled, and dropped to Rp13,625 per US dolar. Then, towards the end of the trading session it recovered and closed at Rp13,578. On the same day, the Jakarta Composite Index (JCI), which continued its climb a few weeks ago, with funds shifting to the stock market, following the decline in deposit rates, reversed direction and also tanked. That Thursday from a peak of 6,037 at midday, it dropped to

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