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Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Markets

Indonesia stocks crash 5% more to six-year low on MSCI fears

Indonesia’s benchmark sank over 5% on Monday to a new six-year low

Market Signals | 19 October 2026

Indonesia stocks crash 5% more to six-year low on MSCI fears

Indonesia’s market meltdown is deepening. The benchmark index plunged more than 5% on Monday to its lowest level in six years, as fears of an MSCI downgrade sparked worries about further foreign selling.

It follows Friday’s crash, the steepest one-day fall in nearly three decades, after MSCI said the country no longer merited emerging-market status. A “standalone” rating would put Indonesia in the same bucket as Argentina, Lebanon and Ukraine. Goldman Sachs estimates up to $13B could flow out. With stocks down nearly 40% this year, Jakarta is now the world’s worst-performing market.

Indonesia’s benchmark sank over 5% on Monday to a six-year low as worries over a possible MSCI downgrade fuelled fears of more foreign outflows.

Goldman Sachs has estimated a downgrade could trigger up to $13B in outflows. Jakarta stocks are down nearly 40% this year, the world’s worst-performing market.