Indonesian stocks (IDX +1.3%) get a lift Monday, rising 1.4% in Jakarta after the country names Investment Coordinating Board chairman Chatib Basri (who has strong ties to the private sector) as new finance minister. Elsewhere in the region, Thai equities (THD +1.4%) once again get a boost from rate cut speculation as the SET jumps 0.95%. The Bank of Thailand may use a lower-than-expected read on Q1 GDP (5.3% expansion versus a consensus of 6%) to justify cutting the policy rate at its May 29 meeting (Nomura has the odds at 60%).
Indonesian stocks (IDX +1.3%) get a lift Monday, rising 1.4% in Jakarta after the country names...
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