Temasek denies role in Indonesia market crash as MSCI reclassification looms

Temasek refutes accusations by former Indonesian trade minister Muhammad Lutfi that Singapore sovereign funds manipulated Indonesia's stock market ahead of an MSCI reclassification. The claim is unsubstantiated and denied, but highlights bilateral tensions and market integrity concerns. The MSCI reclassification could trigger significant capital flows, making the dispute market-relevant.