#Bitcoin: Since 2016 we’ve only seen acceptance above the 30w/Cloud from the underside following re-accumulation on 4 occasions
We are now on the 5th….the other 4 paths from same technical point are illustrated
#IDNWatch🇮🇩: Citing lack of reform, MSCI announced its intention to downgrade Indonesia's status from "emerging" to "standalone".
As a result, the JKSE finished down 11.6%, the largest single-day drop since 1998.
PRABOWO'S OVERSTUFFED CABINET = 118 MINISTERS = BAD GOVERNANCE.
JUST IN: 🇮🇩Indonesia’s stock market wiped out $60,000,000,000 today, its worst day in 28 years.
The Jakarta Composite closed down 11.57% at 5,185, a level not seen in almost 26 years.
The last bigger daily drop came during the 1998 Asian financial crisis, when a collapsing rupiah drove up foreign debt costs and deepened a banking crisis.
The index is now down about 40% this year.
The fall comes amid MSCI proposing to strip Indonesia of emerging-market status over opaque ownership, suspected coordinated trading and weak enforcement.
That could force funds tracking its global indices to sell Indonesian stocks.
UBS estimates around $4 BILLION in passive outflows, with active investors potentially withdrawing another $15 BILLION.
The downgrade is still pending, with a final decision due by June 2027.
The rout comes as South Korea’s KOSPI fell -14.46% this week, its worst week since the 2008 financial crisis.
Kayaknya kebakaran hutan di Papua malah jauh lebih besar daripada yang di Kalimantan, tapi orang pada ga ngomongin aja
Zona merah Papua Selatan ini memang mau lagi diratakan buat jadi food estate sih
🚨 Indonesia’s stock market crashes over -11% recording its biggest crash since 1998.
MSCI is considering downgrading Indonesia from an "emerging" market to a "standalone" market.
A standalone downgrade could force global funds to sell Indonesian stocks, triggering billions of dollars in outflows.
The move comes amid concerns over market transparency concentrated ownership and trading integrity.
The announcement triggered a massive sell-off and forced a temporary trading halt.
The Indonesian rupiah falls to 18,070 per dollar, nearing its record low of 18,190.
🇮🇩 BREAKING: Indonesian equity market is down -8% in the opening session and halted as MSCI launched a consultation to move the status from Emerging Market (EM) to Standalone Market (SM). Deadline of the feedbacks is expected to run until April 2027 with the decision to be announced on June 2027.
From flows perspective, being in a Standalone Market is worse than Frontier Market given much less inflows to offset the potential outflows. Should Indonesia move to SM, this places the country in a similar category with Zimbabwe, Lebanon and Nigeria.
We expect OJK and IDX to respond, but the enforcements should be much stronger - or else not impactful - such as potential fines and sanctions for some companies or brokers.
Separately, Danantara's absence in the capital market will also hurt its reputation among investors since its been promoting itself as a buyer but not seen anywhere.
This is the worst case scenario for Indonesia capital market and makes President Prabowo government as a laughing stock for global investors.
#SiaranPersOJK
Otoritas Jasa Keuangan (OJK) mencermati pengumuman yang dirilis oleh lembaga penyedia indeks global MSCI Inc. pada tanggal 15 Oktober 2026, di mana MSCI menyatakan akan memulai periode konsultasi atas proposal reklasifikasi status Indonesia.
Dalam pengumuman tersebut, MSCI kembali menyampaikan acknowledgement atas
pelaksanaan inisiatif-inisiatif reformasi pasar modal Indonesia yang telah berjalan, termasuk publikasi kepemilikan saham di atas 1%, peningkatan granularitas klasifikasi investor, pengumuman High Shareholding Concentration (MSC), dan kebijakan baru mengenai kenaikan batas minimum free float.
Ketua Dewan Komisioner OJK Friderica Widyasari Dewi menyampaikan bahwa OJK
menghormati view dari MSCI dan terus melakukan pembenahan dan tindak lanjut atas berbagai masukan yang diberikan.
OJK juga mencermati dan memberikan perhatian serius terhadap penilaian MSCI mengenai area-area yang masih memerlukan penyempurnaan ke depan.
OJK menghormati independensi lembaga-lembaga penyedia indeks global, termasuk MSCI, serta menghargai setiap masukan yang diberikan oleh seluruh pemangku kepentingan.
Kepala Eksekutif Pengawas Pasar Modal, Keuangan Derivatif, dan Bursa Karbon OJK Hasan Fawzi menyampaikan bahwa masukan yang disampaikan MSCI dalam pengumuman ini juga sejalan dengan Rencana Aksi Percepatan Reformasi Integritas Pasar Modal Indonesia, termasuk dalam aspek penegakan hukum yang dilakukan secara konsisten dan berkelanjutan.
Ke depan, OJK bersama SRO terus melanjutkan engagement yang konstruktif dengan lembaga-lembaga penyedia indeks maupun investor institusi global.
Engagement yang berkesinambungan tersebut dilakukan untuk memastikan bahwa otoritas Indonesia dapat mengkomunikasikan progress terkini reformasi pasar
modal Indonesia, serta memperoleh masukan dan rekomendasi kebijakan untuk penyempurnaan yang berkelanjutan.
Selengkapnya cek #SiaranPersOJK pada tautan berikut👉🏻 https://t.co/ljcuSR6Qnr
INDONESIA STOCK EXCHANGE SAYS IT WILL REQUEST FURTHER CLARIFICATION FROM MSCI REGARDING THE BASIS FOR CONSIDERATION AND ASSESSMENT UNDERLYING THE ANNOUNCEMENT.
Indonesia faces a potential ejection from global stock indexes after MSCI said the country no longer merits emerging-market status, escalating the threat of foreign investor flight as concerns deepen over market integrity. https://t.co/GBhH97lIJV
📷️: Muhammad Fadli/Bloomberg
MSCI launched a consultation on proposals to reclassify its Indonesia equity indexes from Emerging Market to Standalone Market status https://t.co/7foPEnxfLy