Indonesian equities tumbled 140 points, or 2.3%, to 5,961 on Wednesday afternoon, reversing early strength as sentiment soured after index provider MSCI extended its reviews of Indonesia’s status until November but warned that it would “consider a range of options for the Indonesia market,” including a potential downgrade to frontier-market status. Caution also emerged as key local data will be released next week, including June CPI and May trade performance. Meanwhile, major Japanese automakers may shift production from Indonesia to Vietnam, raising concerns about investment, jobs, and factory outlook. In the U.S., a sell-off in tech names sparked deep losses on Wall Street Tuesday, ahead of PCE price index and final U.S. GDP figures later this week. Losses were broad, with infrastructure, cyclicals, and healthcare among major decliners. Bumi Resources Minerals slipped 10.9%, followed by Energi Mega Persada (-10.7%), Indika Energy (-6.4%), and Archi Indonesia (-5.6%).