Indonesia’s equities plunged 7.35% to close at 8,321 on Thursday, marking their steepest single-day fall in over 14 years as heavy selling in large-cap stocks triggered broad losses. The slump followed MSCI’s decision to temporarily halt rebalancing of the country’s stock index, citing ownership transparency concerns that raised the risk of a downgrade to frontier status. The move rattled investor confidence and triggered an automatic trading halt to curb extreme volatility. Foreign investors extended their retreat midweek, posting net outflows of IDR 6.13 trillion in the regular market and IDR 48.2 billion in the negotiated market. Blue-chip laggards included Telkom Indonesia (-11.9%) and Bank Central Asia (-6.3%), underscoring the pressure on heavyweight names. Trading resumes today from 02:00 AM GMT, with sentiment expected to remain cautious amid lingering uncertainty over MSCI’s review and its implications for market dynamics.