Business & Finance
#SellIndonesia vs #SellSingapore: market sell-off fuels cross-border digital feud
Key Points
#SellIndonesia vs #SellSingapore: market sell-off fuels cross-border digital feud Politics and finance collide as some social media users claim Singapore stands to gain from negative sentiment towards Indonesia As economists flag fiscal concerns and investors pull billions of dollars out of the country, “Sell Indonesia” has become shorthand among some commentators for reducing exposure to Indonesian assets, appearing in market commentary and social media posts. That prompted a...
#SellIndonesia vs #SellSingapore: market sell-off fuels cross-border digital feud
Politics and finance collide as some social media users claim Singapore stands to gain from negative sentiment towards Indonesia
As economists flag fiscal concerns and investors pull billions of dollars out of the country, “Sell Indonesia” has become shorthand among some commentators for reducing exposure to Indonesian assets, appearing in market commentary and social media posts.
That prompted a counter-hashtag, #SellSingapore, on Indonesian social media, with users accusing the city state of benefiting from negative sentiment towards Indonesia.
The backlash has also been picked up by political figures, including Jansen Sitindaon, deputy secretary general of Indonesia’s Democratic Party, who framed it as a nationalist response by Indonesian netizens.
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