MSCI to Remove Indonesia's GoTo Group from Global Indexes Following Price Slump

Key Facts

In a move reflecting the growing challenges for tech sectors in emerging markets, MSCI Inc. has decided to remove Indonesia's GoTo Group from its global indexes. According to reports, the decision follows a significant drop in the company's share price, which complicated trading liquidity and led to a failure to meet index investability standards. The removal is scheduled to take effect at the close of trading on August 31, 2026.

The quarterly index review also resulted in the exclusion of PT Charoen Pokphand Indonesia, as MSCI seeks to maintain strict liquidity and investability benchmarks. This exclusion highlights the recent selling pressure on Indonesian tech equities; such removals typically trigger mandatory selling by passive funds that track the index, potentially exerting further downward pressure on the stock price in the near term.

Looking ahead, regional traders are monitoring the impact of this exclusion on foreign capital flows leading up to the end-of-month deadline. While specific price data for GoTo is currently unavailable, market sentiment remains sensitive to broader regional performance, including recent data such as China's trade balance, which reported a surplus of 112.5 billion dollars as of August 7, 2026.