The global index provider has decided to maintain Indonesia's status as an emerging market in view of ongoing reforms, but says a downgrade is still possible if "sufficient progress" is not made by the November review.

Pasar modal Indonesia sukses pertahankan status Emerging Market dari MSCI, terhindar anjlok ke Frontier Market. Ini peluang besar bagi investor & ekonomi RI!

Indonesia's market is now one of the world’s worst-performing, with the Jakarta Composite Index falling over 28% in 2026 thus far.

MSCI has warned of possible downgrade over opaque ownership data and low free float

By Fabiana Negrin Ochoa and Ying Xian Wong