Indonesian equities fell 58 points, or 0.9%, to 6,318 in Thursday morning trading, reversing the previous session's rally as investors reacted to MSCI's August index review. The review brought no new inclusions and 11 removals from its key indices under a strict global "freeze" policy, while Indonesia kept its Emerging Markets status but saw the weighting of local equities reduced, with the changes set to take effect after the market close on August 31, 2026. Selling was broad across basic materials, cyclical stocks and healthcare. The decline was partly tempered by reports that the government will reclaim part of state-company dividends to build a fiscal buffer fund. External sentiment was mixed, with U.S. stock futures uneven after Wall Street closed mostly higher overnight on softer inflation that eased concerns about further Federal Reserve rate hikes.