FTSE Russell Joins MSCI to Halt Index Review of Indonesia Stocks

FTSE Russell became the latest index provider to raise concerns over the investability of Indonesia, following warnings from MSCI Inc. that dealt a heavy blow to the market last month.

The index compiler said it would postpone its March index review due to the risk of adverse turnover and uncertainty in determining public float, according to a statement. Citing regulators’ pledges to improve integrity and transparency of the nation’s capital markets, FTSE added it would monitor developments and provide an update in its June review.