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Indonesia Stocks Seen Extending Asia’s Worst Drop on Growth Risk

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The lowest Indonesian stock valuations in six years aren’t cheap enough for Samsung Asset Management Ltd. and Standard Chartered Plc as the economy slows and the U.S. gets ready to raise borrowing costs.

The Jakarta Composite Index has dropped 13 percent from its April 7 record high, the biggest retreat among Asian benchmark stock gauges and dragging its price-to-book ratio to the cheapest since July 2009.