Indonesia’s stock market and currency rallied ahead the expected announcement of the country’s new leader on Tuesday as markets shrugged off warnings of alleged cheating by one of the presidential candidates.
The benchmark Jakarta Composite index rose nearly one percent while the rupiah tacked on 0.5 percent against the greenback to a more than one-week high on Monday after individual tallies from the General Elections Commission (KPU) on Sunday declared Jakarta Governor Joko Widodo victorious with 53 percent of the vote, as reported by the Jakarta Globe on Monday.
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