What Rout? Indonesia Stocks Are Red Hot as Valuations Surge
- Jakarta Composite is best performer in Asia this year
- Equities rebound with currency as foreign inflows climb
An employee monitors market data on computer screens as a stock ticker is reflected on a glass window inside the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia, on Thursday, July 10, 2014. Indonesian stocks rose to a one-year high and the rupiah touched the strongest level in seven weeks after Joko Widodo said unofficial counts at polling booths showed him winning yesterday's presidential race.
Photographer: Dimas Ardian/BloombergAfter a tumultuous 2015, Indonesia’s financial markets are turning red hot.
Stock valuations have climbed to records after the benchmark equity gauge rebounded 16 percent from its September low. Foreign investors have pumped $181 million into the nation’s shares this year, the only net inflows recorded among eight Asian markets, helping the currency to trade near a seven-month high.