Uncertainty for Indonesia after disputed vote
Published on Jul 13, 2014 11:47 AM
JAKARTA (AFP) - Indonesia faces a long period of uncertainty after last week's disputed presidential election, analysts warn - raising fears for South-east Asia's top economy as growth sits at four-year lows, foreign investment slows and corruption remains rife.
After a bitterly-fought campaign, Jakarta governor Joko Widodo and his rival, ex-general Prabowo Subianto, both used different unofficial tallies to claim they had won on Wednesday.
Most credible counts showed Joko in the lead, sparking a rally in stocks and the rupiah on Thursday on the expectation that he will be declared the winner when official results are announced later this month.
But the initial euphoria quickly wore off. The Jakarta stock market slumped as much as two percent the following day, and was 1.3 percent down at the close as investors grew nervous about the potential for a prolonged deadlock.
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