MSCI gets set to remove Indonesia from global indexes, sparks market slide to six-year low
MSCI said persistent concerns over market transparency and trading practices remain, with the Jakarta Composite Index falling 11% after the announcement.
- On Friday, Asian stocks rebounded following Thursday's heavy selling, when investors dumped technology shares amid concerns about cloud company Nvidia-backed CoreWeave's debt pile.
- CoreWeave's shares recovered on Thursday after extending Wednesday's 15.5% slump, as reports of distressed bond yields triggered a broad, AI-centered equity selloff globally.
- Indonesian stocks plunged more than 11% on Friday after index compiler New York-based MSCI announced plans to reclassify the country from 'Emerging Market' status.
- MSCI officials cited "ongoing opacity in shareholding structures" and suspected coordinated trading, warning that reclassification could force investment funds to sell Indonesian holdings.
- Capital markets analyst Kyle Rodda warned that global markets may face "a protracted period of this sort of volatility," with tech company earnings announcements due in the coming weeks.
72 Articles
72 Articles
Stocks rebound after tech sell-off and Indonesia shares sink on market downgrade warning – WTOP News
HONG KONG (AP) — Asian shares mostly advanced on Friday, a day after a tech sell-off dragged stocks lower, while Indonesia’s stock market plunged following a downgrade warning. Index provider MSCI warned it would downgrade Indonesia from its “emerging market” status, triggering growing concerns of a capital flight. U.S. futures edged higher after Federal Reserve...
The Toronto Star
Stocks rebound after tech sell-off and Indonesia shares sink on market downgrade warning
HONG KONG (AP) — Asian shares mostly advanced on Friday, a day after a tech sell-off dragged stocks lower, while Indonesia’s stock market plunged following a downgrade warning.
Stocks rebound after tech sell-off and Indonesia shares sink on market
HONG KONG (AP) — Asian shares mostly advanced on Friday, a day after a tech sell-off dragged stocks lower, while Indonesia’s stock market plunged following a downgrade warning. Index provider MSCI warned it would downgrade Indonesia from
Indonesia’s $1.5 trillion market faces a historic downgrade: Why global investors are worried
Indonesia’s $1.5 trillion stock market plunged after MSCI warned that its emerging-market classification may no longer be appropriate, raising fears of billions of dollars in foreign outflows. Concerns over market transparency, opaque shareholding structures and policy credibility have intensified investor anxiety, with Indonesian equities down nearly 40% in 2026.
The total trading volume on the stock exchange as of the first session today reached 38.69 billion shares, with a total value of IDR 17.33 trillion.
(Jakarta=Yonhap News) Correspondent Son Hyun-kyu = Morgan Stanley Capital International (MSCI), a global provider of investment information, plans to remove the Indonesian stock market from its global index...
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