Most Asian stocks gained after FBI Director James Comey stated that there is no new evidence to warrant charges against US presidential candidate Hillary Clinton in the investigation involving her (private) email activities while in government. Apart from, generally, rising shares in Asia (on the back of risk-on sentiment) this news also caused a sharply strengthening US dollar. Indonesia's benchmark Jakarta Composite Index is the exception, however, having slid 0.29 percent to 5,347.16 points by 09:45 am local Jakarta time.

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On 6 November 2016, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve political and economy-related topics such as the anti-Ahok demonstration, the selloff ahead of the US presidential election, inflation, manufacturing activity, consumer confidence, coal mining, tourism, and more.

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Ever since China decided to streamline its coal industry by limiting output (combating the local oversupply), global coal prices have jumped sharply. Indonesia's benchmark thermal coal price (known as the Harga Batubara Acuan, or HBA) - a monthly price that is set by Indonesia's Energy and Mineral Resources Ministry and is based on domestic and international coal indices - soared 22.9 percent (m/m) to USD $84.89 per metric ton in November 2016 (from USD $69.07 per ton in the preceding month).

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Between 50,000 and 100,000 protesters are expected to gather today (04/11) in Central Jakarta to express their anger at incumbent Jakarta Governor Basuki Cahaya Purnama (Ahok). This demonstration, which is organized by a coalition of several Islamic groups including hard-line group Islamic Defenders Front (FPI), is held as protesters accuse Ahok (a Christian of Chinese descent) of blasphemy by (mis)quoting Quranic verses during a speech in Kepulauan Seribu, off the coast of Jakarta, in early October.

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