Indonesia Stocks Drop 8% After MSCI Standalone Proposal

Indonesian stocks fell 8% at the open on October 16, 2026, triggering a trading halt, Jakarta Globe and the Financial Times reported, after index provider MSCI proposed shifting Indonesia from Emerging Market to Standalone status. The IDX Composite closed down 6.3%, per The Jakarta Post. Standalone means removal from MSCI's main indexes, losing automatic buying by funds that track them.