Indonesia Stocks Slump Most in 17 Months as Minister Resigns
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Indonesia’s stocks fell the most in 17 months, leading declines in Asia, on concern fiscal policies in Southeast Asia’s biggest economy will be at risk after its finance minister resigned.
PT Bank Mandiri, the nation’s biggest bank by assets, sank 7 percent and PT International Nickel Indonesia declined 6.2 percent after nickel futures tumbled the most in nearly four months. Finance Minister Sri Mulyani Indrawati submitted her resignation today after she was named a managing director at the World Bank.