Foreigners Sell Indonesian Stocks on Caution Before MSCI Review

Indonesian stocks recorded their first outflow since October last week, driven by cooling risk appetite ahead of a change by MSCI Inc. in its indexing methodology.

Overseas investors sold $192 million worth of local stocks last week, marking their first outflow in 16 weeks, according to data compiled by Bloomberg. The withdrawals came after Indonesia’s equity benchmark rose to a record on Jan. 20.