John Authers & Richard Abbey, Columnists

Balancing Act Makes Indonesia an Emerging-Markets Darling

The archipelago has successfully kept both China and the US happy. Investors hope that will continue after Wednesday’s election.

High-stakes election.

Photographer: Dimas Ardian/Bloomberg
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On Wednesday, Indonesians will vote to elect a successor for President Joko (Jokowi) Widodo. Current Defense Minister Prabowo Subianto, who is running with the son of Jokowi as his vice-presidential nominee, is contesting the election against former Central Java Governor Ganjar Pranowo and former Jakarta Governor Anies Baswedan, who are both part of the current administration.