Updated

Indonesia's benchmark stock index plunged to its lowest level in six years as of October 19, 2026, driven by mounting fears of a downgrade by index provider MSCI. The sharp decline reflects growing investor concern about the country's market standing within global index benchmarks. A potential MSCI downgrade could trigger further outflows from passive funds tracking the index, compounding pressure on Indonesian equities. The selloff underscores broader anxiety among emerging-market investors about Indonesia's economic outlook and its weighting in global portfolios.