# Explainer: MSCI’s case against Indonesian stocks and the $65 billion fallout

https://mins.news/en/item/106070

- Reuters, 2026-10-19 10:30 UTC
- Economy
- Original: https://www.reuters.com/world/asia-pacific/mscis-case-against-indonesian-stocks-65-billion-fallout-2026-10-19/?link_source=ta_bluesky_link&taid=6ad5f13dab53aa0001d99f75

> Global index provider MSCI said last week it was weighing a downgrade of Indonesia’s stock market from “emerging market” to “standalone” status. The announcement triggered a selloff that erased about $65 billion in market value that day.

## Related coverage

- [Indonesia removes closely held companies from Jakarta index to avert MSCI downgrade](https://mins.news/en/item/106598) — Financial Times, 2026-10-19
- [Indonesian stocks sink to six-year low amid MSCI downgrade concerns](https://mins.news/en/item/105648) — CNBC, 2026-10-19
- [Downgrade risk: IDX plunges 12%, its steepest one-day drop in 28 years](https://mins.news/en/video/103105) — CNA, 2026-10-16
