Jakarta Composite Plunges From Near 9,000 Toward 5,000 as MSCI Weighs Cutting Indonesia's Index Weighting

The author says one of Asia's hottest markets just round-tripped two years of gains. The Jakarta Composite has plunged from its 2026 peak near 9,000 toward 5,000 as MSCI weighs cutting Indonesia's index weighting.
According to the author, a downgrade forces passive funds to sell, and the selling feeds on itself in a thin market. The author adds that emerging markets live and die on flows, and when the index gatekeeper blinks, the exit is narrow and everyone runs for it at once. $EIDO