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MSCI proposes stand-alone downgrade for Indonesia as Jakarta index plunges 11%
MSCI has launched a consultation on moving Indonesia to stand-alone status, which would remove it from all of its indexes. Jakarta's IDX Composite fell about 11% on Friday, 16 October, its sharpest one-day drop since January 1998.
In the text: Gary Tan, Portfolio manager in charge of emerging equities at Allspring Global Investments in Singapore
Key dates in MSCI's Indonesia review
- 2026-01A possible downgrade of Indonesia's market status is first on the table
- 2026-10-15MSCI launches a consultation on moving Indonesia to stand-alone status
- 2026-10-16IDX Composite falls about 11%, trading is halted and the drop is the sharpest since 1998
- 2027-06MSCI's final decision is due by the end of June
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