Bank Mandiri is trading 5.07% down at €6.55, amid MSCI’s proposed Indonesia reclassification from emerging-market to standalone status, raising fears of major benchmark removal and further foreign-investor outflows.
- CNBC reported Indonesian shares fell over 5% on October 19.
- MSCI cites persistent ownership-transparency and market-governance concerns; consultation runs through April 30, 2027, with a decision expected by June.
- Reporting points to broad Indonesia-market risk, not a new company-specific catalyst; U.S. indices were unchanged.