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Jakarta Post
The Jakarta Post
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Market drops, dollars vanish

  • Esther Samboh

    The Jakarta Post

Jakarta | Sat, May 26 2012 | 09:28 am
Market drops, dollars vanish

PREMIUM The nation’s financial markets plunged on Friday, as a lack of US dollars led the rupiah to touch to a 29-month low and stocks to drop to their lowest level in six months.

Negative global sentiment due to the eurozone debt crisis and China’s economic slowdown caused “investment reallocation” from emerging markets, including Indonesia, to the US, boosting demand for US dollars as a s...