MSCI considers downgrading Indonesia's market status, causing Indonesian stocks to drop more than 10%
Indonesia's stock market fell 11.1 percent on Friday, prompting MSCI to consider removing it from emerging market status, with Asian markets rebounding afterward.
- The Jakarta Composite Index fell 11.1 percent when trading resumed on Friday.
- MSCI is considering downgrading Indonesia's status from emerging market, citing concerns about investability.
- Indonesia's equity benchmark fell 11 percent on Friday.
- Asian stocks rebounded on Friday after heavy selling the previous session.
- MSCI expects to make a final decision on Indonesia's market status before June 30, 2027.
- South Korea's KOSPI climbed 2.8 percent and Japan's Nikkei rose 1.8 percent on Friday.
Outlets: Business Recorder, Business Standard, Financial Times, Free Malaysia Today, Nikkei Asia, The Jakarta Post
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