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Jakarta Post

Indonesian markets to benefit from Biden win: Analysts

  • Yunindita Prasidya

    The Jakarta Post

Jakarta   /   Tue, November 10, 2020   /  04:45 pm
The Jakarta Post Image
A security officer stands near an equities display at the Indonesia Stock Exchange (IDX) building in Jakarta on April 3.(Antara/Aprillio Akbar )

Emerging markets will benefit from United States President-elect Joe Biden’s administration, analysts have said, while noting that his expected approach, including efforts to cushion the economic impact of the pandemic, will bring major foreign capital inflows to Indonesian equities and currency.   BNI Sekuritas head of equity research Kim Kwie Sjamsudin said Biden’s globalist approach would reinvigorate global trade, which would, in turn, boost Indonesia as a major commodity exporter.  “If commodity prices rebound, I expect the Jakarta Composite Index [JCI] and the rupiah to perform well,” Kim told The Jakarta Post on Monday.  In a report published on the same day, Kim said that in addition to the positive sentiment on global trade, the Biden administration would lead to a “structural positive shift in emerging markets”, a...