Indonesia fights MSCI downgrade as emerging-market ETFs face forced selling
Indonesia has moved to overhaul its main stock market index after MSCI threatened to remove the country from its emerging-market classification, potentially forcing ETFs tracking its indices to sell billions of dollars of Indonesian shares. The Indonesia Stock Exchange has announced plans to exclude around 80 companies with highly concentrated share ownership from the Jakarta […]
Indonesia has moved to overhaul its main stock market index after MSCI threatened to remove the country from its emerging-market classification, potentially forcing ETFs tracking its indices to sell billions of dollars of Indonesian shares. The Indonesia Stock Exchange has announced plans to exclude around 80 companies with highly concentrated share ownership from the Jakarta […]
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