Indonesia vows market reform after stock exchange chief quits over US$80 billion rout

0 January 30, 2026 10:13

Indonesia’s chief economic minister Airlangga Hartarto has promised to raise financial market transparency and improve corporate governance, after the stock exchange chief resigned to take responsibility for an US$80 billion share rout. Index provider MSCI had warned that the country’s status could be downgraded over concerns about trading and ownership transparency. The benchmark Jakarta Composite Index dropped more than 8% on Wednesday and Thursday. Regulators said communication with MSCI has so far been positive, and they are now waiting for feedback on the proposed measures. Saifulbahri Ismail reports from Jakarta.