Indonesian Stocks Tumble Most Since 2013 Following Executions
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Indonesian stocks fell the most since August 2013 as investors weighed falling corporate earnings and Australia’s warning that the execution of foreign nationals will damage relations.
The Jakarta Composite Index plunged as much as 4.3 percent, before paring losses to 2.6 percent at the close. PT Bank Central Asia, the country’s largest company by market capitalization, slumped 3.9 percent. PT Unilever Indonesia, the second biggest, sank 5.1 percent. The rupiah gained 0.3 percent.