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S&P Dow Jones Indices has placed Indonesia's equity market on a watchlist for potential reclassification, the index provider disclosed, pointing to shareholding transparency as the central concern.
The action puts S&P Dow Jones alongside other organizations that have already raised alarms about the south-east Asian market.
Shareholding transparency the named issue S&P Dow Jones cited issues with shareholding transparency in Indonesia.
The index provider's watchlist designation puts Indonesia's current market classification under formal review.
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