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Dow Jones Newswires
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The political unrest in Indonesia has gripped the country’s markets as recent protests turned deadly in Jakarta, with the benchmark index on course for its worst day in nearly five months and the rupiah languishing near multimonth lows.
Protests began in late August, after the government announced plans to raise lawmakers’ monthly housing allowance of 50 million rupiah, equivalent to about $3,045, nearly 10 times the minimum wage in Jakarta. The protests turned more violent last week after an armored police vehicle killed a motorcycle taxi driver during clashes in the Indonesian capital.
This post was originally published on Market Watch
