Indonesia: All eyes on elections - TDS

Mitul Kotecha, senior emerging markets strategist at TD Securities, points out that the Indonesia holds Presidential and Parliamentary elections tomorrow and will be a key event for the Asian markets.

Key Quotes

“Polls point to a win by the incumbent President Jokowi against his opponent Prabowo.”

“However, there are a large number of undecided voters and those who may yet change their minds, which suggest that a Jokowi win is by no means a done deal.”

“Resource nationalism and identity politics have taken a greater hold in politics, regardless of who wins the election.”

“Infrastructure is key to Jokowi's policy agenda, while Prabowo is focusing on attacking corruption.”

“A Jokowi win would likely elicit a more positive market reaction given that he is perceived as a stronger reform, while Prabowo is seen as somewhat of an unknown quantity.”