From investor favourite to investment ‘backwater’: Why Indonesia’s stock market is crashing
On Friday, MSCI announced plans to downgrade Indonesia's stock indexes from emerging market to 'standalone', triggering a significant market reaction. The Jakarta Composite Index plummeted 11.6%, marking its worst performance in nearly 30 years and bringing its 2026 decline to nearly 40%. Investors now face uncertainty as the country grapples with economic challenges and environmental crises.