Singapore’s equity benchmark Straits Times Index is on track for a correction as heavyweight bank shares slide on concerns over the outlook for profits.

Singapore Exchange Ltd. Chief Executive Officer Loh Boon Chye is planning to step down after more than a decade at the helm, with a new leader yet to be named.

Indonesian shares rebounded from earlier losses, as the nation’s sovereign wealth fund said it has been buying local stocks.

Indonesian stocks rebounded after authorities moved to stave off a potential two-step downgrade by MSCI Inc., though questions remain over whether the measures go far enough to address the index provider’s concerns.

The Indonesia Stock Exchange’s plan to remove shares with highly concentrated ownership from its benchmark is a step in the right direction as regulators work to avoid a double market downgrade by MSCI Inc., analysts said.

Indonesian markets extended their selloff, with stocks deepening their worst rout in almost 30 years and losses spreading to bonds and the rupiah after MSCI Inc. warned the country may face a two-step downgrade.

For the staid and often predictable world of stock-market indexing, it was a bombshell moment.

Indonesian stocks will likely see further outflows as the nation faces a potential ejection from global stock indexes following MSCI Inc.’s latest proposal to downgrade the country, according to analysts and investors.

Indonesian stocks suffered their worst rout in nearly three decades after MSCI Inc. warned the country’s emerging-market status was in jeopardy, raising the prospect of its removal from global indexes and stoking fears of foreign capital flight.

A selloff in Singapore bank shares driven by fears of earnings downgrades is threatening one of Asia’s best-performing major stock benchmarks this year, putting the city-state’s safe haven status to the test.

Indonesian stocks slid, sending the benchmark index to a three-month low as speculation that some of the country’s largest-listed companies could face regulatory fines rattled sentiment.

Genting Bhd. shares plunged after the leisure group controlled by Malaysian billionaire Lim Kok Thay announced plans to raise about 1.25 billion ringgit ($306 million) through a renounceable rights issue.

Consumer stocks are among the biggest beneficiaries of Malaysia’s spending plan for 2027, boosted by higher allocations to improve households’ purchasing power, according to analysts. Malaysian stocks rose as much as 0.4% on Monday, extending Friday’s gains.

FTSE Russell has reaffirmed the emerging-market status of Indonesian equities amid measures taken by local authorities to improve transparency.

Malaysia’s consumer and construction stocks may emerge as beneficiaries of next year’s spending plan as Prime Minister Anwar Ibrahim seeks to ease living costs while maintaining fiscal prudence.

Shares of Singapore Exchange Ltd. slipped on Monday, extending a slump that’s erased about $4.2 billion in market value since an August peak on rising concern over lofty valuations.

MSCI Inc. has rolled out a series of artificial intelligence value chain indexes to help investors hedge exposure to the sector more precisely, according to the financial data compiler.

GoTo Group shares tumbled after Indonesia’s stock exchange eliminated its 50-rupiah price floor, unleashing pent-up selling pressure from investors who had been unable to exit at the mandated minimum price.

AirAsia Group Bhd shares plunged as much as 21% to the lowest in almost four years, after reports Malaysia’s government had asked other local airlines to potentially absorb the cash-strapped carrier’s domestic market share.

The appointment of Suahasil Nazara as Indonesia’s new finance minister signals the government’s recognition of its fiscal challenges, according to analysts.