Indonesian Stocks Fell 8%, Triggering Halt After MSCI Downgrade Proposal

Indonesian stocks dropped 8% at the open on October 16, 2026, triggering a trading halt, after MSCI proposed moving Indonesia from Emerging Market to Standalone status, Jakarta Globe and the Financial Times reported. The IDX Composite ended down 6.3%, per The Jakarta Post. Standalone would remove Indonesian equities from MSCI indices, cutting automatic demand from index-tracking funds.