Political Unrest Raises Investors’ Concern
Foreign investors sold shares in the capital market as political tension escalates, adding to fears of a slowdown in Southeast Asia's largest economy. Until the third quarter of 2019, total foreign investors posted US$ 1.2 billion in net sells on the stock exchange, slashing incoming foreign funds in the market from early 2019 to US$ 3.7 billion.
Investors' fear lies in lower economic growth estimates at 5.05 percent, the weakest in two years. This concern was exacerbated with the strings of protests against the government, urging a review on the civil democracy-limiting laws.