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Indonesian markets rallied after the election count showed a clear winner, Prabowo, who promised to continue President Widodo's policies. The stock index rose as much as 2.2% and the rupiah strengthened 0.3% to a one-month high before giving back gains.
Policy continuity reduces the risk of abrupt changes in Indonesian trade or biofuel policy, which keeps the rupiah and import costs for feed ingredients steadier.
reuters.comAnanda TeresiaFeb 14, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
