Indonesia Exchange to Meet MSCI Over Downgrade
Indonesian stock exchange leaders will meet with MSCI on Monday to seek clarification after a downgrade warning triggered heavy market selloffs. The unexpected notice threatened the market status, wiping out billions in capitalisation and prompting new volatility limits.
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Indonesia's stock exchange leadership will meet MSCI Inc on Monday afternoon following a downgrade warning that erased $65B in market value. The surprise announcement triggered the main index's worst trading session since 1998, sending shares down 5%. The emergency talks aim to reverse a potential standalone reclassification that threatens billions in passive investment.
