The stock market and the rupiah extended gains on Wednesday (Oct. 23) as investors are optimistic about the cabinet line-up of Joko “Jokowi” Widodo’s 2019-2024 administration. The composite index of the Indonesia Stock Exchange (IDX) gained 0.5% to close at 6,258 yesterday on the back of domestic investors’ buying and the rupiah strengthening to Rp14,051 against the U.S. dollar.
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