MSCI keeps South Korea as emerging market, delays Indonesia review amid downgrade risk
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- Index provider MSCI kept South Korea classified as an "emerging market" in its most recent market accessibility review on Tuesday, while extending its review of Indonesia's status until November.
- The review disappointed hopes that Seoul could be included in MSCI's Developed Markets watchlist, a crucial step before a market can be upgraded to developed-market status.
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Index provider MSCI kept South Korea classified as an "emerging market" in its most recent market accessibility review on Tuesday, while extending its review of Indonesia's status until November.
The review disappointed hopes that Seoul could be included in MSCI's Developed Markets watchlist, a crucial step before a market can be upgraded to developed-market status. For Indonesia, the extended review comes after MSCI raised concerns about market accessibility earlier this year and froze the country's stocks from its indexes in January, citing investability concerns.