Policy uncertainty spurs sell-off of Indonesian stocks, currency

Markets face mounting pressure from fiscal concerns, new export controls

Indonesian President Prabowo Subianto in May unveiled a new state-backed body tasked with managing exports of key commodities, raising concerns among investors. © Reuters

JAKARTA -- The Jakarta Composite Index fell to its lowest level in five years, at 5,855, on Wednesday, as the rupiah continues to weaken against the dollar.