0214 GMT - Indonesia's stock market fundamentals will likely outweigh the noise from its cabinet reshuffle, DBS Group Research analysts say in a note. The market reacted poorly after President Prabowo Subianto announced the shakeup Monday, which included removing Finance Minister Sri Mulyani, who is described as "a key anchor of fiscal credibility," the analysts say. After the benchmark Jakarta Composite Index closed 1.3% lower on the announcement, DBS views the pullback as an opportunity to accumulate some of its picks, including Bank Central Asia, Sumber Alfaria Trijaya, AKR Corporindo, Astra International and Indofood Sukses Makmur. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
September 08, 2025 22:14 ET (02:14 GMT)
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