Jokowi Premium Vanishes From Indonesia Assets as Foreigners Exit

Joko Widodo’s honeymoon with international investors is ending as Indonesian stocks tumble and the rupiah weakens at the fastest pace in Asia.

After starting his presidential term last October with market-friendly cuts to fuel subsidies, Widodo has come under fire for his handling of a contentious police-chief appointment and executions of foreign citizens that hurt ties with trading partners. The controversies may make it difficult for the president, whose coalition holds a minority in parliament, to gain traction on policies designed to revive Southeast Asia’s biggest economy.