Indonesia stock market hits 2020 lows on MSCI downgrade warning

Indonesia's composite index $IDXC plunged 4.02% to its lowest level since 2020 following the MSCI downgrade alert. The Indonesia Stock Exchange has scheduled a meeting with MSCI on Monday to seek clarification on the reclassification criteria affecting the nation's emerging market status.

The selloff signals mounting concern over foreign investor outflows and liquidity risks in Southeast Asian equities. #emerging #markets