Bank Rakyat Indonesia is trading 14.84% down at IDR 2,640, its October 16 close, amid a nationwide selloff after MSCI warned it may move Indonesia from emerging-market to standalone status.
- The warning raised concerns about transparency and potential foreign-investor outflows; Reuters reported Indonesian stocks fell 11.6% on Friday.
- The decline affected major Indonesian banks and was not attributed to a specific company announcement.
- The exchange reduced the lower auto-rejection limit to 7%, effective October 19, amid the market turmoil.