Core Viewpoint - The article highlights the political unrest in Indonesia and Thailand, which has led to significant declines in their stock markets, raising concerns about investment risks in Southeast Asia [3][5][6]. Group 1: Indonesia's Political Unrest - Indonesia's stock index fell by 1.5%, the largest drop among global markets, due to escalating protests against rising living costs and inequality [3]. - Protests were triggered by the revelation that members of parliament receive housing allowances of 50 million Indonesian Rupiah, nearly ten times the minimum wage in Jakarta [10]. - The protests have resulted in at least four deaths and widespread violence, with government buildings and properties being attacked [12]. Group 2: Economic Implications - Analysts express concerns that the political risks in Indonesia will increase, leading to a higher risk premium in the stock market [6]. - Despite the turmoil, Indonesia attracted a net foreign capital inflow of $676 million in August, while Thailand experienced an outflow of $670 million [8]. - Indonesia's stock market has seen an 11% increase this year prior to the unrest, while Thailand's market has declined by approximately 10% [8]. Group 3: Comparison with Thailand - Analysts are more optimistic about Thailand's market, citing cheaper valuations and potential economic stimulation from a new prime minister [7]. - Thailand has been plagued by political infighting for decades, which has hindered its economic growth compared to neighboring countries [5].
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中国基金报·2025-08-31 16:09