Indonesian stock market given reprieve from downgrade threat

A man walks past the Indonesia Stock Exchange (IDX) building in Jakarta. The index is down 30% so far this year, making it the world’s worst-performing major stock market. (Photo: Reuters)

SINGAPORE - Indonesian regulators have been given more time to carry out reforms after the index provider ‌MSCI announced a five-month extension of its review of the country’s troubled stock market.

However, the reprieve will not immediately lure long-term capital back to the battered market, investors said on Wednesday.