Prabowo accuses MSCI of trying to intimidate Indonesia after market rout
Indonesian President Prabowo Subianto has publicly criticized MSCI for threatening to downgrade Indonesia's stock market status. The President labeled the move as an attempt to intimidate the nation following a significant market rout.
Why it matters
The conflict highlights the tension between emerging market economies and global financial index providers that hold significant power over capital flows.
MSCI warned last week it was considering demoting Indonesia's equities to "standalone" market status, triggering a record-breaking market rout.
File photo. Indonesian President Prabowo Subianto delivers his speech during a press conference at the Presidential Palace in Bogor, Indonesia, on Jan 11, 2025. (Photo: Reuters/Ajeng Dinar Ulfiana)
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