Indonesia stocks choppy after MSCI review, emerging markets verdict awaited
Indonesia stocks choppy after MSCI review, emerging markets verdict awaited SINGAPORE, June 19 (Reuters) - Indonesian stocks swung between gains and losses on Friday as investors assessed MSCI's latest warning about Indonesia's investability ahead of Tuesday's high-stakes decision over the country's emerging markets status.
Jakarta stocks .JKSE were last down 0.5% in early trading after MSCI on Thursday lowered Indonesia's information flow criterion to negative, reflecting opacity in ownership data and market activity, but analysts deemed the review to not indicate an impending downgrade.
Attention will now be on MSCI's decision on Tuesday, whether the index provider downgrades Indonesia's market classification to frontier status from emerging, a move that could trigger outflows worth as much as $13 billion.
(Reporting by Ankur Banerjee in Singapore; Editing by Jacqueline Wong)
((ankur.banerjee@thomsonreuters.com;; Mobile - +65 8121 3925;))
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