MarketsJakarta Composite Index plummets over 10% as concerns over capital outflows mountJakarta on Aug. 19. Index provider MSCI might strip Indonesia of emerging market status unless sufficient progress is made in its stock market. © Getty ImagesOctober 16, 2026 11:25 JSTUpdated on October 16, 2026 14:37 JSTJAKARTA/TOKYO -- Indonesian stocks plummeted on Friday after global financial services company MSCI announced that it is considering downgrading the MSCI Indonesia Index from emerging market to standalone market status, a major setback amid recent efforts by Indonesia to maintain its emerging market status.