Indonesian stocks inch higher after authorities implement measures to stem selling

FILE PHOTO: A worker walks past an electronic board displaying stock movement at the Indonesia Stock Exchange in Jakarta, Indonesia, October 16, 2026. - Reuters

SINGAPORE: Indonesian stocks were steady on Tuesday (Oct 20) as authorities in Jakarta introduced measures to restrict selling after a record two-day US$82 billion rout sparked by index provider MSCI's warning of possible removal from its global indexes.

Jakarta's benchmark index rose one per cent in early trading on Tuesday, after hitting a six-year low in the previous session.

MSCI on Friday said it was considering shifting Indonesia to "standalone" instead of "emerging markets" status, a more-severe-than-expected shift that rattled investors and officials. - Reuters