Boosted by a sharp rise in the energy and banking sector, Indonesia's benchmark stock index, the Jakarta Composite Index, rose as much as 2.3%. The index climbed to its highest level in two weeks. The energy stock index rose as high as 3.6%; the financial stock index rose 1.4%. Major individual stocks driving up the benchmark index include Bank Indonesia, which rose 4.6%, Bank Mandiri, which rose 2.9%, and Telecom Indonesia, which rose 5.8%. Aldo Perkasa, head of research at PT Trimegah Sekuritas Indonesia, said, “This increase is more due to a slowdown in foreign capital outflows. We're even starting to see part of the money flowing into a few blue chip stocks.” “Globally, we are also seeing capital rotation from AI concept stocks to traditional economic stocks, which is also beneficial to the Indonesian market to a certain extent.” The MSCI Asia Pacific Index fell as much as 0.8%.

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