SINGAPORE: Index provider FTSE Russell has postponed a scheduled review for Indonesia, due to uncertainty about how freely stocks trade, in a fresh blow for markets in South-East Asia’s biggest economy which are facing criticism over trading and transparency.
About US$120bil has been wiped out from the benchmark Jakarta Composite after larger rival MSCI warned last month the country risked a downgrade to frontier status. Moody’s cut its credit rating outlook last week.
