富时罗素推迟印尼指数审查

Core Viewpoint - The postponement of the review of the Indonesian index by FTSE Russell due to uncertainties in stock trading freedom represents a significant setback for Southeast Asia's largest economy, which is facing criticism regarding its stock trading and transparency [1][3]. Group 1: FTSE Russell's Decision - FTSE Russell announced the postponement of the scheduled review of the Indonesian index originally set for March, citing feedback from a committee of investment professionals and concerns over unfavorable trading volumes and uncertainties in determining the accurate free float percentage of Indonesian securities [4]. - As of now, newly listed Indonesian stocks will not be added to FTSE Russell's products, nor will there be updates to reflect changes typically included in regular index reviews, such as additions, deletions, or weight changes [4]. Group 2: Impact on Indonesian Market - The Jakarta Composite Index (JKSE) has already lost approximately $120 billion due to warnings from MSCI about the potential downgrade of Indonesia to frontier market status [1][3]. - Moody's downgraded the country's credit rating outlook last week, further impacting investor confidence [4]. Group 3: MSCI's Actions - MSCI has also frozen updates for Indonesian securities in its products, which are widely used as benchmarks by investors, with billions of dollars in passive funds tracking these indices [2][5]. - The decisions made by both FTSE Russell and MSCI can significantly influence capital flows in and out of Indonesia [2][5].