Mitul Kotecha, senior emerging markets strategist at TD Securities, points out that the Indonesia holds Presidential and Parliamentary elections tomorrow and will be a key event for the Asian markets.
Key Quotes
“Polls point to a win by the incumbent President Jokowi against his opponent Prabowo.”
“However, there are a large number of undecided voters and those who may yet change their minds, which suggest that a Jokowi win is by no means a done deal.”
“Resource nationalism and identity politics have taken a greater hold in politics, regardless of who wins the election.”
“Infrastructure is key to Jokowi’s policy agenda, while Prabowo is focusing on attacking corruption.”
“A Jokowi win would likely elicit a more positive market reaction given that he is perceived as a stronger reform, while Prabowo is seen as somewhat of an unknown quantity.”
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