Turkey and Indonesia Stocks Sink After MSCI Downgrade Warnings
Indonesian and Turkish stocks fell after MSCI warned of potential downgrades from emerging-market status, citing a lack of transparency over trading practices. Turkey’s BIST:XU100 slid 3.3% to a January low.
Story updates
10:22:47 AM UTC
SquawkNews
By Farhan RafidTurkish stocks fell more than 3% on Friday after index provider MSCI froze certain changes to its Turkey indexes and warned of a possible downgrade if market reforms fail to address concerns over trading practices.The benchmark BIST 100 index was down 3.3% at 11,674.82 around midday…
10:25:27 AM UTC
SquawkNews
Turkey's main stock index slid more than 3% on Friday after global index provider MSCI froze certain changes to its Turkey equity indexes, saying it needed more time to assess market reforms and warning of a potential downgrade if sufficient progress was not made by mid-2027.The move came amid a cr…
Indonesian and Turkish shares fell on Friday after MSCI warned that the markets could be downgraded from emerging-market status, citing insufficient transparency around trading practices. Turkey’s BIST:XU100 dropped 3.3% to its lowest level since January and was on track for a fifth consecutive decline.