Indonesia Stocks Plunge as MSCI Threatens Index Removal, Deepening 40% YTD Slide
Updated
Updated · Reuters · Oct 19
Indonesia Stocks Plunge as MSCI Threatens Index Removal, Deepening 40% YTD Slide
3 articles · Updated · Reuters · Oct 19
Summary
Indonesia's stock market sank again on Monday after MSCI said Friday it may remove the country from its emerging-market indexes over governance and transparency concerns.
More than 40% has now been wiped off Indonesia's benchmark this year, making it the world's worst-performing stock market in 2026.
The selloff unfolded in a broader risk-off session, with investors also digesting last week's sharp AI-stock shakeout and awaiting earnings from Meta, Tesla and Texas Instruments.
Elsewhere in markets, Brent crude fell 2% from Friday's $110 peak and U.S. Treasury yields retreated, even as geopolitical tensions and inflation concerns remained in focus.