FACTBOX — Indonesia suffers a series of market sentiment setbacks in 2026

(Updates March 4 Factbox with more developments) JAKARTA, Oct 16 (Reuters) — Indonesia's stock market is no longer worthy of emerging market status, with concerns about market dysfunction building the case for a downgrade to "standalone" status, according to global index provider MSCI. Following are some of the setbacks endured in 2026 by Indonesia, a $1.5 trillion economy, G20 member and global commodities powerhouse. * MSCI on October 16 said it considers Indonesia's continued classification as an emerging market no longer appropriate, adding feedback from market participants suggested a reclassification to frontier markets "would not properly recognise the depth of the market problems". Indonesia's stock exchange said it had taken concrete steps to enhance capital market transparency and integrity and would seek clarity from MSCI MSCI had in January warned it could downgrade Indonesia to frontier market after flagging problems over what it said was opaque shareholding structures and coordinated trading behaviour that had undermined "proper price formation". It said market data obscured what proportion of shares in companies could be freely traded and how it categorised stock own