Bank Negara Indonesia is trading at IDR 2,970, 12.9% down after MSCI opened a consultation on reclassifying Indonesia from emerging-market to standalone status. - The proposal raised concerns about market accessibility and potential investment outflows, weighing on large Indonesian bank shares broadly. - Reporting says shares fell 12.90% during the October 16 Indonesian market selloff following the announcement. - Feedback is due April 30, 2027, with MSCI’s decision expected by June 30, 2027.