Indonesian Stocks Tumble to Lowest Since 2020 After MSCI Warning

Indonesian stocks have plummeted to their lowest levels since 2020, marking a six-year low. This downturn represents the worst rout in nearly 30 years for the market. The selloff was triggered by a warning from MSCI Inc., which stated that Indonesia risks losing its emerging-market status. This development has intensified concerns regarding an increase in foreign capital outflows, further weighing on the country's stock market performance as investors react to the potential status downgrade.