Indonesia’s Political Turmoil Rattles Stock, Currency Markets
1. Indonesia faces deadly protests over raised lawmaker allowances, affecting markets. 2. The Jakarta Composite Index fell 1.2%, reflecting rising political tensions. 3. President Subianto's response is crucial for economic stability and public sentiment. 4. S&P analysts expect protests to remain manageable, but fiscal concerns persist. 5. The rupiah weakened significantly, now trading around 16,410 to the dollar.