Voting for a new president has begun in Indonesia, the world's third most populous democracy, and the outcome looks a lot less certain that it did a few weeks ago.
Joko "Jokowi" Widodo, the popular governor of Jarkata, had been the frontrunner to win Wednesday's vote but his poll lead narrowed sharply in recent weeks against former special forces general Prabowo Subianto; they're now running neck-and-neck in opinion polls.
Prabowo, a nationalist and former son-in-law of long-ruling dictator Suharto, has overcome allegations of past human rights abuses for which he has been denied a U.S. visa and restyled himself. Still, analysts say Prabowo has run an aggressive negative campaign and the prospect that he could win has unnerved foreign investors.
"It looks increasingly like Jokowi's not going to win," Mark Matthews, head of research for Asia at Bank Julius Baer told CNBC, adding that the bank has turned 'underweight' on Indonesian stocks in response to political developments.