Indonesian Stocks to Leave Index
Indonesian stocks with high shareholding concentrations will be excluded from the Jakarta composite index starting November 2. The move aims to address market manipulation concerns following warnings from index provider MSCI.
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Stocks of Indonesia companies featuring high shareholding concentrations will be excluded from the Jakarta composite index on November 2. The regulatory overhaul responds to international warnings over market integrity in Southeast Asia's largest economy. The exclusion protects index stability after index provider MSCI INC threatened a downgrade to standalone market status.
