(Bloomberg) -- Indonesia’s biggest exchange-traded fund fell from an eight-month high as early legislative vote results showed the opposition party favored by investors failed to win enough support to run for the presidency without forming a coalition.

The iShares MSCI Indonesia ETF dropped 2.2% to $28.44 at 4 p.m. in New York, while rupiah one-month non- deliverable forwards declined 1.1% to 11,385 per dollar. Joko Widodo’s Indonesian Democratic Party of Struggle had 19.7% of the votes, below the threshold needed to stand a presidential candidate on its own, based on an estimate by Lingkaran Survei Indonesia.

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