News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
Europe Markets Mixed Early; Asia Markets Mostly Higher with S Korea Rebounding 2.6%, Indonesia IDX Falls 2% as MSCI Removes Over 10 Indonesian Stocks from Global Indices
After seasonal adjustment, eurozone 1Q26 GDP grew 0.1% QoQ, in line with expectations. Eurozone industrial production in March fell 2.1% YoY, missing expectations. Markets are awai...
Reset
Send
The window will close in 5 seconds
Europe Markets Mixed Early; Asia Markets Mostly Higher with S Korea Rebounding 2.6%, Indonesia IDX Falls 2% as MSCI Removes Over 10 Indonesian Stocks from Global Indices
Close
Recommend
8
Positive
4
Negative
8
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get 1 Intel/Gold ETF share!

After seasonal adjustment, eurozone 1Q26 GDP grew 0.1% QoQ, in line with expectations. Eurozone industrial production in March fell 2.1% YoY, missing expectations. Markets are awaiting a meeting between Chinese and US leaders. Major European markets were mixed in early trading on Wed (13th). The pan-European STOXX 600 rose 0.4% to 609.3. The UK FTSE 100 gained 34 points, or 0.3%, to 10,300. France's CAC fell 20 points, or 0.25%, to 7,959. Germany's DAX rose 126 points, or 0.53%, to 24,081. Italy's FTSE MIB gained 167 points, or 0.34%, to 49,158. Spain's IBEX 35 fell 45 points, or 0.25%, to 17,528.

Futures for the three major US indices were mixed. DJIA futures fell 127 points, or 0.5%, while Nasdaq and S&P 500 futures rose 0.83% and 0.25%, respectively.

Related NewsInflation Rate YoY for Apr in China is 1.2%, higher than the previous value of 1.0%. The forecast was 0.8%.
Major Asia-Pacific markets were mostly higher. South Korea's market opened lower but closed higher, rebounding 2.6% to 7,844. The Nikkei index rose 529 points, or 0.8%, to 63,272. In mainland China, the Shanghai and Shenzhen markets closed up 0.7% and 1.7%, respectively. Hong Kong stocks rose 40 points, or 0.15%, with the HSI closing at 26,388. Taiwan stocks fell 523 points, or 1.25%, to 41,374. Singapore shares rose 1.2% to 5,003. Australia's S&P/ASX 200 and New Zealand's NZX 50 fell nearly 0.5% and about 0.1%, respectively. Indonesia's IDX fell 2%, underperforming the region.

The Financial Times reported that index provider MSCI will remove more than 10 Indonesian stocks from its global indices, including several companies controlled by the country's largest tycoon, after previously warning about high ownership concentration.

In its quarterly review, MSCI said that as of the close on May 29, it will remove six Indonesian stocks from its Global Standard Index and 13 stocks from its Small Cap Index. One of the stocks removed from the Global Index will be added to the Small Cap Index, bringing the total number of affected stocks to 18.

Related NewsVehicle Sales YoY for Apr in China is -2.5%, lower than the previous value of -0.6%.
MSCI did not specify the reasons for the removals in a statement on Tue (12th). The index provider had warned in January that it could downgrade Indonesia from an emerging market to a frontier market due to high ownership concentration and lack of transparency. A decision on the potential downgrade is expected in June.

The six stocks to be removed from the Global Standard Index are Barito Renewables Energy, Chandra Asri Pacific, Petrindo Jaya Kreasi, Amman Mineral Internasional, Sumber Alfaria Trijaya and Dian Swastatika Sentosa. These companies are owned by Indonesian tycoons who, according to investors, regulators and analysts, maintain tight control over their firms either directly or through nominees. (da/a)

Auto-translated by AI
View Original Text
This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.