Indonesia’s stock market plunge needs more than regulation

(Shirothi Nashuha – East Asia Forum) Indonesia’s stock market plunge following an MSCI warning in January 2026 exposed structural weaknesses in its capital markets, including concentrated ownership, low free float and speculative trading practices. While recent reforms target these issues, they are unlikely to address deeper incentive structures that favour financial activity over productive investment. – Indonesia’s stock market plunge needs more than regulation | East Asia Forum