Indonesia ETFs Rev Up as Central Bank Props Up Rupiah

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Indonesia country-specific exchange traded funds climbed Wednesday as the emerging country’s central bank hiked benchmark interest rates for the second time in two weeks. On Wednesday, the iShares MSCI Indonesia ETF (NYSEArca: EIDO) gained 2.2% and Market Vectors Indonesia Index ETF (NYSEArca: IDX) increased 1.9%. Both Indonesia ETFs were testing their short-term resistances at the [...]

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