Indonesia Stock Exchange to seek MSCI clarification after announcement on possible downgrade

By Reuters News

JAKARTA, Oct 16 (Reuters) - Indonesia's Stock Exchange said on Friday it has taken concrete steps to enhance transparency and integrity in capital market, responding to an MSCI announcement that it was considering a downgrade to standalone- from emerging-market status.

The exchange said respects MSCI's independence in conducting assessments and will request further clarification on the basis for the announcement, its CEO Jeffrey Hendrik said in a statement.

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