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JPMorgan upgrades Indonesia, lifting call that riled Jakarta

Bank's analysts raise their "tactical" view of Indonesian equities one level to "neutral"
Tuesday, January 17, 2017 - 05:50

Foreign investors sold a net US$2.8 billion of Indonesian stocks and bonds last quarter as emerging-market assets retreated following Mr Trump's victory.


JPMORGAN Chase & Co has upgraded its assessment of the Indonesian stock market, reversing an earlier bearish call that prompted Jakarta to stop doing business with the US bank.

The bank's analysts raised their "tactical" view of Indonesian equities one level to "

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