Indonesian stocks inch higher after authorities implement measures to stem selling

Indonesian stocks inch higher after authorities implement measures to stem selling

​Indonesian ​stocks were steady ‌on Tuesday ​as authorities in ‌Jakarta introduced measures to restrict selling after a record two-day $82 ‌billion rout sparked by index ‌provider MSCI's warning of possible removal from its global ⁠indexes. Jakarta's ​benchmark ⁠index rose 1% in early ⁠trading on Tuesday, after hitting a ​six-year low in the ⁠previous session.

MSCI on Friday said ⁠it ​was considering shifting Indonesia to "standalone" instead ⁠of "emerging markets" status, a more-severe-than-expected shift ⁠that ⁠rattled investors and officials.

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