Indonesian Stocks Widen Gap With Thailand on Political Stability
- Indonesian stock market closes at a record high on Tuesday
- Gap between Indonesian and Thai stocks reaches $258 billion
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The value of stocks in Southeast Asia’s biggest economy outperformed its regional rival by the most on record in December against the backdrop of two different political climates.
Indonesia’s equities benchmark Jakarta Composite Index rose 0.7% to close at a record Tuesday. The rally widened the market-value gap over Thai stocks — the region’s second-largest economy — to as much as $258 billion last month, the most since at least 2003, according to data compiled by Bloomberg.