Stocks in the MSCI Indonesia index

Index provider MSCI has warned it might strip Indonesia of its emerging markets status next year and move it to a standalone classification, a move ​that would directly affect nine companies that are part of related indexes.

Reuters • Oct 20, 2026

Indonesia needs stricter enforcement to mitigate MSCI downgrade risk: Macquarie Capital

Ari Jahja, Head of Indonesia Research at Macquarie Capital, says stricter enforcement may be needed to rebuild confidence in Indonesia's market and reduce the risk of a potential double downgrade by MSCI. He says investors need greater transparency on shareholding and free float, alongside penalties for companies where necessary.

CNBC International TV • Oct 20, 2026

Bank Indonesia faces mounting pressure to hike after MSCI threat fuels market rout

Bank Indonesia is under pressure to raise its benchmark rate on Wednesday to stabilize the rupiah. Economists are split on the size of a hike, with Citi expecting a 50-basis-point hike to 6.25% and Capital Economics and others seeing a smaller increase to 6%.

CNBC • Oct 20, 2026

Indonesia Stocks Tank on Fresh MSCI EM Downgrade Threat

Indonesia stocks have taken a fresh blow after MSCI launched a consultation on Friday which threatened to eject the country from its emerging market benchmarks, double-downgrading it to ‘standalone' status. For U.S. investors, the iShares MSCI Emerging Markets ETF (EEM) tracks MSCI's broad emerging markets index, where Indonesian equities comprise less than 0.

ETF Trends • Oct 19, 2026

Wall Street Breakfast Podcast: Airlines' Holiday Price Test

U.S. airline (AAL) (UAL) (DAL) fares for the holidays are surging, with Thanksgiving tickets up 31% and Christmas up 23%, as carriers pass on sharply higher fuel costs. MSCI may downgrade Indonesian equities (EIDO) from emerging market status, risking $5.6B in passive outflows and intensifying the Jakarta Composite Index's 43% YTD decline.

Seeking Alpha • Oct 19, 2026

EIDO: Indonesia Like Pakistan In 2008, With A Delisting Risk That Can't Be Ignored

The iShares MSCI Indonesia ETF faces, in my opinion, significant risk from MSCI's potential downgrade of Indonesia to standalone market status, triggering capital flight and rupiah weakness. The ETF is heavily concentrated in Indonesian banks, which, despite attractive valuations (forward P/E 8.5x, ROE 18.5–22%), are highly sensitive to market shocks. Two scenarios emerge according to my calculations: a negative outcome could drive P/E to 7x and further rupiah depreciation, while a positive reversal could restore double-digit returns.

Seeking Alpha • Oct 17, 2026

EIDO Crashes On MSCI Index Reclassification News, 'Buy' The Indonesia Washout (Upgrade)

I am upgrading iShares MSCI Indonesia ETF to a "Buy" after a 15% crash driven by MSCI index exclusion fears. EIDO trades at a depressed valuation near 6x earnings and a PEG ratio close to 1x, with risk/reward skewed positively. Bank-heavy portfolio, high volatility, and recent dividend cut highlight risk, but technicals suggest a powerful rebound is possible.

Seeking Alpha • Oct 16, 2026

Indonesia Stocks Sink as MSCI Weighs Index Removal

Indonesian stocks tumbled after MSCI Inc. said the country no longer merits emerging-market status, risking an ejection from its global indexes and triggering fears of foreign capital flight. Bloomberg's Anthony Stephens breaks down the developments.

Bloomberg Markets and Finance • Oct 16, 2026

Indonesian Stocks Dive as MSCI Weighs Downgrade to Standalone Market

Indonesian stocks suffered their biggest drop since the 2008 global financial crisis.

WSJ • Oct 16, 2026

'Too much too quickly': Indonesia's growth ambitions questioned by economists

Indonesia is anticipating 6% growth while being conservative on its budget deficit. Economists aren't sure the country will be able to grow to that extent.

CNBC • Aug 26, 2026