Indonesia Exchange Cuts Lower Price Limit for More Stocks
The exchange lowered the auto-rejection limit to 1 rupiah from 7% for stocks priced at 11 rupiah to 14 rupiah, aiming to curb a selloff after MSCI threatened to remove Indonesia from its global indexes.
On Tuesday, the Indonesia Stock Exchange (IDX:COMPOSITE) lowered the automatic rejection limit for stocks priced between 11 rupiah and 14 rupiah to 1 rupiah, from 7%. The move was intended to curb a selloff after MSCI threatened to remove Indonesia from its global indexes.