Move contrasts with FTSE Russell's reaffirmation of emerging market status
Jakarta on Aug. 19. Index provider MSCI might strip Indonesia of emerging market status unless sufficient progress is made in its stock market. © Getty Images
REZHA HADYAN and MITSURU OBE
October 16, 2026 11:25 JST
JAKARTA/TOKYO -- Global financial services company MSCI announced on Thursday that it is considering downgrading the MSCI Indonesia Index from emerging market to standalone market status, a major setback amid recent efforts by Indonesia to maintain its emerging market status.