Indonesia: Stocks Hit 3-1/2-Month High as BI Gets Historic Leadership.

Indonesian shares rose 49 points, or 0.7%, to 6,644 on Thursday, rebounding from the prior muted session and touching their highest level in 3-1/2 months. Sentiment improved after a partial rebound on Wall Street overnight, with traders bargain-hunting in sectors hit by recent risk-off selling. Locally, Destry Damayanti was sworn in as governor of Bank Indonesia on Wednesday, becoming the first woman to lead the central bank. In her confirmation hearing, she pledged to keep policy responsive to economic challenges while promoting stability and supporting growth. However, gains were capped by concerns that headline and core inflation could climb further in coming months, driven by higher input and logistics costs, rebounding energy prices, and potential El Nino-related food supply disruptions. All sectors advanced, led by basic materials, non-cyclicals, and energy. Early standouts included Charoen Pokphand (7.6%), Adaro Andalan (4.0%), Bukit Asam (3.7%), and Medco Energi (2.1%).