#SellIndonesia vs #SellSingapore: market sell-off fuels cross-border digital feud

A sharp sell-off in Indonesian assets has taken on a political tone online, with some social media users alleging, without evidence, that Singapore stands to gain from a “Indonesia" class="entity-link entity-topic" data-entity-id="148684" data-entity-type="topic">Sell Indonesia” narrative around Southeast Asia’s biggest economy.The Rupiah has slipped to multiple record lows and weakened about 8 per cent this year, crossing a key level and trading above 18,000 to the US dollar last week, while Jakarta’s stock market has lost about a third of its value since the start of the year.As economists flag fiscal concerns and investors pull billions of dollars out of the country, “Indonesia" class="entity-link entity-topic" data-entity-id="148684" data-entity-type="topic">Sell Indonesia” has become shorthand among some commentators for reducing exposure to Indonesian assets, appearing in market commentary and social media posts.