Shares of firms controlled by Trump's Indonesian business partner surge

November 9, 2016 3:05 AM EST

CEO of MNC Group Hary Tanoesoedibjo poses at the MNC editorial office in Jakarta May 25, 2012. REUTERS/Beawiharta


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JAKARTA (Reuters) - Shares of Indonesian companies controlled by Donald Trump's hotel business partner, Indonesian tycoon Hary Tanoesoedibjo, surged on Wednesday as the Republican nominee clinched the U.S. presidency, defeating Democratic rival Hillary Clinton.

Trump has a partnership with Tanoesoedibjo, who controls the MNC Group conglomerate, to manage hotels in the Indonesian island of Bali and in the West Java city of Bogor.

Shares of PT MNC Investama Tbk surged 23 percent, PT Media Nusantara Citra Tbk rose 2.1 percent and PT MNC Land Tbk was up 0.7 percent. The broader Jakarta stock exchange <.JKSE> was down 1.4 percent.

"We always separate business from Trump's political career. What we can say for now is congratulations to Trump," Syafril Nasution, a spokesman for MNC Group, told Reuters by telephone.

(Reporting by Fransiska Nangoy; Writing by Eveline Danubrata; Editing by Kenneth Maxwell)



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