Green light for president-elect Widodo boosts Indonesian markets


JAKARTA: Indonesian stocks opened near a record high and the rupiah strenghtened on Friday, a day after the country's highest court gave Joko Widodo the green light to lead Southeast Asia's largest economy from its worst slowdown since the global financial crisis.

The Constitutional Court, as expected, unanimously upheld last month's presidential election result, rejecting a last-ditch attempt by losing candidate Prabowo Subianto to force a re-vote. Widodo will begin his five-year term on Oct. 20.

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