Indonesia tightens rules to prevent stock manipulation
Indonesia implemented stricter stock market rules and added independent parties to its oversight committee. The reforms follow an MSCI warning that the country faces a potential market demotion.
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Indonesia introduced stricter measures to combat stock manipulation on Monday, adding independent parties to a key oversight committee. The regulatory overhaul follows a downgrade warning from MSCI INC over opaque trading practices. The index provider's warning triggered a record selloff on the local stock exchange earlier in the month, prompting swift intervention from financial authorities.
