SEOUL: The Indonesian rupiah hit a seven-week high on Thursday, in tandem with firmer local stocks and bond prices, but pared gains on uncertainty over who won closely fought presidential elections.
Both Jakarta Governor Joko "Jokowi" Widodo and ex-general Prabowo Subianto on Wednesday declared themselves the election winner based on contradictory quick count results. That suggests a winner will unlikely be known until official results are announced in two weeks.
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