Indonesian stocks drop 11 pct amid threat of MSCI index removal

NAMPA / Xinhua
2026-10-16
JAKARTA, Oct. 16 (Xinhua) -- Indonesia's benchmark stock index tumbled over 11 percent on Friday and the rupiah weakened sharply after global index provider MSCI announced a proposal to reclassify the market from "emerging" to "standalone" status. The Jakarta Composite Index plunged 8 percent at Friday's opening, triggering a 30-minute trading halt. As trading resumed, selling pressure intensified, pushing the index down as much as 11 percent,......
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