Indonesian stocks plunge 11% as MSCI proposes standalone market reclassification

AI-generated briefing · First published

MSCI said Indonesia's emerging-market status is no longer appropriate, citing persistent opacity and suspected coordinated trading.

Indonesian stocks plunged more than 11 percent on Friday after MSCI said it would consult on reclassifying the country as a standalone market, citing ongoing opacity in shareholding structures and suspected coordinated trading behaviour. [1] [2]

The Jakarta Composite Index fell 8 percent at the open, triggering a trading halt, and closed down 11.1 percent, its heaviest drop since early 1998. [1]

Sources

  1. Indonesia stocks dive 11pc after MSCI reclassification

    RTHK Finance · · Excerpt

  2. Indonesian Stocks Dive as MSCI Weighs Downgrade to Standalone Market

    WSJ Markets · · Summary only

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