1 of 1
Story summary
- Indonesia's equity market fell nearly 12% and lost more than $80 billion in value.
- Investors link the decline to President Prabowo Subianto's policies, including military spending and a sovereign wealth fund bypassing budget channels.
- Some fund managers say reforms could improve market investability.
- Last year, foreign investors sold $6.4 billion in bonds, fueling outflows.
