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Indonesia stocks up more than 2.5% on projected Widodo win

Published on Jul 10, 2014 10:18 AM
Indonesian presidential candidate Joko Widodo (centre) gestures with his running mate Jusuf Kalla after delivering a speech at Tugu Proklamasi square in Jakarta on July 9, 2014. -- PHOTO: AFP

JAKARTA (AFP) - Indonesian stocks jumped more than 2.5 per cent at the open on Thursday after unofficial tallies showed Jakarta governor Joko Widodo leading rival Prabowo Subianto in a tight race for the presidency.

The Jakarta benchmark index rose 2.54 per cent, or 127.84 points to 5,152.55.

Both candidates have declared victory but most tallies by reliable polling agencies put Widodo in the lead.