# Indonesia president congratulates poll winner Prabowo, markets cheer

> Indonesian markets rallied after the election count showed a clear winner, Prabowo, who promised to continue President Widodo's policies. The stock index rose as much as 2.2% and the rupiah strengthened 0.3% to a one-month high before giving back gains.

- Date: 2024-02-14 · published 2024-02-14T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/31984-indonesia-president-congratulates-poll-winner-prabowo-markets-cheer
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Policy continuity reduces the risk of abrupt changes in Indonesian trade or biofuel policy, which keeps the rupiah and import costs for feed ingredients steadier.

## Read by commodity

- USDIDR: neutral

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/indonesians-wake-new-presumed-president-prabowo-2024-02-14/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.