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Event Brief

Indonesian state banks surge as private rivals lag

Indonesian state banks outperformed private rivals as markets reacted to President Prabowo's policies.
WHO: Indonesian state banks
WHAT: State banks surged while private rivals sagged following Prabowo policy moves
WHEN: May 11, 2026 at 1:00 AM ET
WHERE: Indonesia
WHY: The market reaction was triggered by Prabowo's policies.

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