Indonesian markets cheer after Prabowo claims victory

By Thomson Reuters Feb 14, 2024 | 8:08 PM

SINGAPORE (Reuters) – Indonesian markets got off to a strong start on Thursday after Defence Minister Prabowo Subianto declared victory in the country’s presidential election.

Former special forces commander Prabowo clinched about 58% of votes, according to unofficial “quick counts” by four independent pollsters, more than double that of his nearest opponent, former Jakarta governor Anies Baswedan.

The country’s stock market rose 1.8% in market pre-opening, while the rupiah strengthened 0.13% to 15,570 per dollar.

(Reporting by Rae Wee; Editing by Muralikumar Anantharaman)