IDX says FTSE Russell kept Indonesia at Secondary Emerging Market status
Published · Updated
What happened
Iman Rachman said FTSE Russell had confirmed that Indonesia remains classified as a Secondary Emerging Market after the exchange held talks with the index provider following recent volatility in Indonesian markets.
Why it matters
Index classification affects how global asset managers screen markets and can influence passive and active portfolio allocation. A public reaffirmation from FTSE Russell may reduce immediate concern about a classification change, but it also puts attention on whether market access and trading conditions satisfy other index providers' criteria.
Indonesia Stock Exchange president director Iman Rachman said on October 26 that FTSE Russell had reaffirmed Indonesia's status as a Secondary Emerging Market after discussions following recent market turbulence. The statement gives the market a concrete signal that one major index provider is not changing Indonesia's classification at a time when authorities are trying to steady confidence after MSCI-related stress. The development does not itself change trading rules or flows, but it may shape near-term foreign investor sentiment and the regulator-exchange messaging line.
Watch for
FTSE Russell publishes any market classification note or consultation update on Indonesia by 2026-10-30 Indonesia Stock Exchange releases foreign net buy/sell data for 2026-10-27 and 2026-10-28 sessions OJK issues a written statement or circular on market-access, short-selling, or liquidity measures by 2026-10-30 Jakarta Composite Index closes with turnover and foreign-flow stabilization on 2026-10-28 or 2026-10-29
Sources
- Bos Bursa Ungkap Status Pasar Modal RI Usai Bicara dengan FTSE Russell · finance.detik.com