Indonesia steps up efforts to protect shaky markets

Jakarta

INDONESIA stepped up efforts to protect its battered financial markets from global volatility on Tuesday, imposing new daily limits on how much shares can fall and organising a concerted share buyback programme.

President Joko Widodo's administration has been forced to respond swiftly to the global sell-off, as South-east Asia's largest economy is already struggling with weakening domestic consumption and rock-bottom commodity prices.