Shares crash as Indonesia loses its ‘emerging market’ status

News24 Business16 October 2026 at 12:07

Indonesia’s stock market is no longer worthy of “emerging market” status, MSCI said on Friday, laying out a plan to remove it from a suite of indexes tracked by funds, a shock move that sparked the steepest one-day drop in Jakarta shares since 1998.

This story was written and published by News24 Business. Business.co.za shows its headline and teaser from the publisher’s RSS feed and links to the original.