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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.
(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 setback
(Rewrites paragraph 1, adds details throughout) Oct 16 (Reuters) — MSCI said on Friday it was considering downgrading Indonesia to standalone- from emerging-market status, citing persistent concerns about the investability and governance of the country's equity market. The index provider launched a consultation on the