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JAKARTA (JP): Renewed violence in some parts of the country and continued political instability will likely continue to undermine stock trading on the Jakarta Stock Exchange (JSX).
But equity analysts said that the expected rebound of the rupiah against the U.S. dollar would be able to save the stocks from taking another plunge.
The analysts said that recent violence reviving in Ambon and Aceh, which has cost the lives of many, added to investors' concerns about the country's stability.
Such developments were worsened by conflicting statements made by the elite policy makers to further upset the market, said director of PT Panin Sekuritas Hendra H. Kustarjo.
Another analyst added that …