🔴 Bank Maybank Indonesia is trading 6.42% down after MSCI warned of possible removal from tracked products

Bank Maybank Indonesia is trading at IDR 175, down 6.42%, amid Indonesia’s broad selloff after MSCI warned it could remove the market from products tracked by global investors.

• The decline coincided with a severe Indonesia-wide selloff on October 16.
• Available reporting does not establish company-specific news as the cause. OJK also commented on allegations of unilateral layoffs.