Bank Negara Indonesia is trading 12.6% down at IDR 2,980 amid a broad Indonesian market selloff after MSCI proposed consulting on reclassifying Indonesia from emerging-market to standalone status.
- The Jakarta Composite opened down 8.01% and trading was halted, amid fears of potential outflows from index-tracking funds.
- No company-specific announcement explaining the decline surfaced; available evidence points to country-wide market risk. The provided price context is the authority for the stock’s movement.