Indonesian stocks climbed to their highest levels of the trading session after President Prabowo Subianto delivered a state of the nation address. The speech touched on a crackdown on illegal mining and the operational efficiency of the government's signature free meal program, which boosted investor sentiment.

The Jakarta Composite Index, which had declined by 0.6% in early trading, rebounded sharply to record a gain of as much as 0.7%. The materials and energy sectors led the advance, with state-owned tin miner PT Timah seeing its shares rise by up to 4%.