Indonesian benchmark stock index surges over 5%, state-owned banks lead the gains.

The Indonesian benchmark stock index saw its largest increase in over a year, as concerns over government policy uncertainty, investability, and the depreciation of the Indonesian Rupiah had led to severe overselling of local stocks. The Jakarta Composite Index surged by 5.3% at one point, marking its biggest gain since April 2025. State-owned banks led the rally, with Deputy Speaker of the Indonesian Parliament Sufmi Dasco Ahmad stating that discussions had been held regarding the possibility of state-owned banks repurchasing shares in light of the recent market turmoil.