Indonesian leader rejects potential equity market downgrade
Indonesian President Prabowo Subianto has rejected a warning from Morgan Stanley Capital International about a potential downgrade of the country's stock market. He says Indonesia won't be pressured by external parties. Prabowo delivered a fiery speech to his Cabinet on Wednesday, accusing the New York-based index provider of intimidation. MSCI said last week it was considering downgrading Indonesia’s market status, which could lead to capital outflows.
The warning has rattled investors, causing a sharp sell-off in Indonesian stocks. A government spokesperson later said Prabowo's remarks were an invitation to dialogue, not a challenge.
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ApnewsSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-23. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.