MSCI’s Downgrade Warning Whipsaws Indonesian Markets. What’s Next?: Live Q&A
Bloomberg reporters answer your questions about the challenges Southeast Asia's biggest economy faces on Oct. 23 at 11 a.m. HKT
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Bloomberg reporters answer your questions about the challenges Southeast Asia's biggest economy faces on Oct. 23 at 11 a.m. HKT
Indonesian shares declined, ending a two-day rebound in a sign of fresh worries about MSCI Inc.’s warning to downgrade the Southeast Asian country.
As MSCI Inc. officials joined a call on Tuesday afternoon Jakarta time, many of the more than 100 participants were investors still reeling from the index provider’s sudden warning of a potential double downgrade for Indonesia. They questioned the need for such a drastic step and wanted to know whether the country stood a chance of retaining its emerging-market status.
Indonesian President Prabowo Subianto had a message Wednesday for global index provider MSCI Inc.: Indonesia would not be cowed.
As the threat of a reclassification by MSCI that could relegate Indonesia to an investment hinterland looms, the country’s financial regulators and stock exchange officials have vowed to address systemic concerns, including removing stocks with concentrated ownership. The global index provider announced on Friday it was launching a formal consultation to decide whether to downgrade Southeast Asia’s largest economy from “emerging market” to “stand-alone” status, similar to countries such as...
Indonesian stocks rebounded from their worst rout in nearly four decades after authorities unveiled fresh measures aimed at averting a potential two-step downgrade by MSCI Inc.
The Indonesia Stock Exchange’s plan to remove shares with highly concentrated ownership from its benchmark is a step in the right direction as regulators work to avoid a double market downgrade by MSCI Inc., analysts said.
Indonesian markets extended their selloff, with stocks deepening their worst rout in almost 30 years and losses spreading to bonds and the rupiah after MSCI warned the country may face a two-step downgrade. Bloomberg's Anthony Stephens has more. (Source: Bloomberg)
Indonesian officials plan to meet with MSCI Inc. executives on Monday, according to people familiar with the matter, after saying they were blindsided by the index provider’s threat to reclassify the country as a standalone market — a much more severe step than they thought was under discussion during months of talks.
Indonesian stocks extended their selloff, deepening their worst rout in almost 30 years after MSCI Inc. warned that the country risks losing its emerging-market status, fueling fears of worsening foreign capital outflows.
MSCI has opened a consultation to reclassify Indonesia from Emerging Market to Standalone Market status, with a final decision due by June 30, 2027. The post Indonesia Could Lose Emerging Market Status appeared first on The Rio Times.
Indonesian stocks suffered their worst rout in nearly three decades after MSCI warned the country’s emerging-market status was in jeopardy. David Ingles and Stephen Engle report. (Source: Bloomberg)
Indonesia has spent decades establishing itself as one of the world’s most important emerging markets. Now the country — Southeast Asia’s largest economy, with a gross domestic product of about $1.5 trillion — risks losing that standing, potentially jeopardizing billions of dollars in foreign investment.
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)