MSCI Delays High-Stakes Indonesia Review After Downgrade Fears Spooked Investors

MSCI Inc. has extended its review of Indonesia’s stock market status until June, causing Indonesian stocks to slide. This decision follows fears of a potential downgrade due to investability concerns and tightly held ownership in major stocks. MSCI also warned it would remove stocks with high ownership concentration from its indexes, prompting a series of market reforms and resignations of key market officials in Indonesia.

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