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View all search resultsThe proposed reforms were unveiled after index provider MSCI warned in late January that the country was at risk of being downgraded amid concerns about a lack of transparency around stock ownership and trading.
Following the Nyepi-Lebaran long holiday, the bourse resumed trading on March 25 with a positive tone that was mirrored by regional markets on investor sentiment buoyed by reports that Washington was exploring diplomatic channels for de-escalation with Tehran.
Markets were taken on a rollercoaster ride at the start of the week after Trump added five days to his Saturday ultimatum for Iran to reopen the Strait of Hormuz within 48 hours, citing productive talks with unidentified Iranian officials, which Tehran has denied.
The Financial Services Authority (OJK) has reaffirmed its commitment to swift capital market reforms aimed at addressing transparency concerns around Indonesian stocks flagged by global index compiler MSCI.
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