Economics
Rate Risks, Rupiah Send Indonesian Stocks to Dec. Low
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Indonesian equities dropped the most in Asia, with the benchmark gauge sinking to its lowest level since Dec. 15, on concern that Bank Indonesia may raise interest rates for the first time since 2014 to defend the currency, which is already hurting economic growth.
The Jakarta Composite Index fell 2.5 percent to 6,073.02. Banking stocks slid the most on the prospect of higher borrowing costs crimping loan growth and the economy.