Foreigners Dump $1.2 Billion of Indonesian Stocks After Weak Growth, Protests
- Equities face biggest quarterly selloff since June 2018
- Nationwide demonstrations deepen concerns among investors
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Foreign investors pared their holdings of Indonesian stocks as escalating political demonstrations added to worries of a slowdown in Southeast Asia’s largest economy.
Net foreign selling in the equity market reached $1.2 billion in the third quarter, set for the biggest outflow since the second quarter of 2018, according to data compiled by Bloomberg. The selloff trims the year-to-date net inflow to $3.7 billion.