You are here

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

BT_20170117_NSINDO17_2694361.jpg
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.

Singapore

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 "

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom