Indonesian shares rally on inflation, trade data

|By:, SA News Editor

Indonesian shares (IDX, EIDO, IDXJ) surge 1.5% in Jakarta to lead regional gainers.

Annual inflation printed at 8.37% in November, up marginally from 8.32% in the previous month. "Inflation, remaining under control, gives positive sentiment for [the] property sector," one Jakarta-based firm quoted by Reuters says.

In related news, Indonesia's trade balance showed a $50M surplus in October, far better than the $650M deficit economists expected.

Full release (from Statistics Indonesia)