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Bloomberg News
@bloomberg.com

Indonesian markets extended their selloff, with stocks deepening their worst rout in almost 30 years and losses spreading to bonds and the rupiah after MSCI Inc. warned the country may face a two-step downgrade bloom.bg/3VIxhWa

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Emerging Opportunities
@emergingopp.bsky.social

Jakarta's response today: the IDX will drop tightly held stocks, about 18% of the JCI's weight, from the index and flag affiliated 1% holders. Useful, but MSCI's stated concern is enforcement, and its decision isn't due until June 30, 2027. Bank Indonesia announces rates Wednesday. $EIDO