MSCI Considers Downgrading Indonesia to Standalone Market Status
MSCI said it was considering moving Indonesia from emerging-market to standalone status, a prospect that stunned investors and irked officials in Jakarta. The report says the news sent stocks lower.
Global index provider MSCI said on Friday it was weighing a move to reclassify Indonesia’s stock market from “emerging market” to “standalone” status, a setback for Southeast Asia’s biggest economy. The prospect surprised investors and angered officials in Jakarta, while sending stocks IDX:COMPOS…