Indonesia’s 50 RichestIn what was a volatile year, Indonesia’s benchmark stock index shot up 17%, helping lift collective wealth to a record $306 billion from $263 billion last year.Read more: https://t.co/NUQr2gVNDT https://t.co/lug0eMnJ19 ...

Core Viewpoint - U.S. officials are questioning the inclusion of Trump Media & Technology Group (TMTG) in the Russell 3000 index due to its poor performance and financial instability [1][3][4] Group 1: Company Performance - TMTG, which operates the social media platform Truth, has seen its shares decline by 38% year to date, currently trading at approximately $17.50 [1] - The company reported a net loss of $400.9 million for the last fiscal year and a loss of $20 million in the most recent quarter [1] Group 2: Index Inclusion Concerns - The letter from fiscal leaders expresses concern over TMTG's inclusion in the Russell 3000, highlighting issues such as the company's negligible revenues and associated risks [3][5] - The Russell 3000 is a significant benchmark in U.S. capital markets, tracking the performance of the 3,000 largest publicly traded companies, with around $10.6 trillion in assets [2][4] Group 3: Request for Clarification - Officials have requested FTSE Russell to explain the rationale behind TMTG's inclusion and to provide an assessment of how the company’s risks are accounted for [5] - They also seek details on any safeguards in place to ensure that future index selections reflect sound market fundamentals [5]

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Market Development - South Korea will establish a panel for regular discussions with offshore banks to enhance its foreign exchange market [1] - This initiative aims to address key obstacles in South Korea's pursuit of inclusion in a major developed-market stock index [1]

Group 1 - The A-share market's three major indices closed mixed, with the CSI 300 Computer Index reported at 1300.49 points [1] - The CSI 300 Computer Index has decreased by 8.37% over the past month, increased by 0.04% over the past three months, and has declined by 2.02% year-to-date [2] - The CSI 300 Index categorizes its 300 sample stocks into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries, providing a comprehensive analysis tool for investors [2] Group 2 - The CSI 300 Computer Index's holdings are composed of 58.31% from the Shanghai Stock Exchange and 41.69% from the Shenzhen Stock Exchange [2] - Within the holdings of the CSI 300 Computer Index, general software accounts for 55.96%, industry application software for 35.61%, and cloud computing services for 8.43% [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day following the second Friday of June and December [3]