SINGAPORE, June 24 (Reuters) - Indonesian stocks rose
slightly on Wednesday after index provider MSCI pushed its
review on the country's emerging markets status to November to
assess the slate of reform measures rolled out by Jakarta.
Indonesia's benchmark index gained 0.7% in early
trading on Wednesday.
Indonesian assets have been hammered since January, when
MSCI froze the country's stocks in its indexes and raised the
prospect of a downgrade to frontier status.
The index provider late on Tuesday called the measures from
Indonesia a "step in the right direction", but warned it would
consider options such as a consultation on a downgrade to
frontier status if sufficient progress was not evident by its
November review.