Shares jump in Indonesia's biggest market debut

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Shares in e-commerce firm Bukalapak have jumped almost 25% in Indonesia's biggest ever initial public offering.

It comes ahead of another hotly-anticipated listing in the country of ride-hailing, food delivery and e-commerce giant GoTo.

The region's start-ups have become popular with global investors as they chase fast growing online markets.

Another internet company in the region, South Korea's KakaoBank, also soared on its market debut in Seoul on Friday.

[joselync]

Shares in Indonesia's biggest stock market debut surged on Thursday as the Southeast Asian country emerged from a protracted political crisis.

Indonesian stocks were among the best-performing in Asia on Wednesday, as investors bet that President Joko Widodo's reform-minded government would bring stability to the economy.

The Jakarta Composite Index was up 6.2 percent at the close of trading, outpacing the 5.5 percent gain in the broader Emerging Markets Index.