Indonesian Government Says Economic Fundamentals are Solid Despite Extended Protests

MACROECONOMICS - JAKARTA. Indonesia's financial and economic regulators on Monday said economic fundamentals were strong after widespread political protests sparked selling of stocks and the currency.

The main stock index fell more than 3% in opening trades before regaining some of the losses. The rupiah, which fell 0.9% against the dollar on Friday as the protests escalated, firmed slightly on Monday morning after the central bank vowed to defend the currency.

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