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Indonesia’s stock market has fallen 38% this year, making it one of the world’s worst performers. Wong Shou Ning explains why: MSCI has proposed downgrading Indonesia to a “standalone” market, a move that could trigger about US$4 billion in forced selling. She also covers the concerns behind the proposal and how Jakarta has responded, including a weekend meeting with Instagram finfluencers. For sponsorship enquiries: commonsens@ksmedia.my