Prajogo Pangestu Suffers Heavy Losses as MSCI Warning Prompts Indonesian Market Rout
Prajogo Pangestu's wealth plummeted by $3.4 billion as MSCI's warning led to a 7.34% drop in the Jakarta Composite Index, affecting his business-linked stocks.
(Bisnis.Com) 01/01/70 07:00 117483
Bisnis.com, JAKARTA — Prajogo Pangestu suffered the steepest blow among Indonesia’s tycoons as the Jakarta Composite Index (JCI) plunged 7.34% on Wednesday (1/28, 2026), dragged down by sharp selloffs in shares of companies affiliated with his business empire.
The rout followed an earlier slump in the benchmark index after Morgan Stanley Capital International (MSCI) released the outcome of its consultation on Indonesia’s free-float rules.
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