On Oct 20, China's first high-power polar icebreaking pod thruster for real-ship application formally rolled off the line at Changxing Island, Shanghai, marking a major breakthrough in domestic development of core equipment for polar vessels.

Head of the Indonesia Stock Exchange says all stocks with highly concentrated ownership will be excluded from Jakarta's main stock index.

MAYBANK says MSCI’s proposal to downgrade Indonesia from emerging market to standalone could prompt regional portfolio reallocations that bring Malaysia back onto foreign investors’ radar. Potential beneficiaries include domestically focused Malaysian banks, plantation companies and large, highly liquid stocks whose prices have lagged; MAYBANK views some prior sell-offs as overdone. A prospective MY Value Up programme could further bolster Malaysia’s appeal given its MSCI representation, mature institutional investor base and sector exposure comparable to Indonesia. Still, the bank cautions that passive inflows may be limited because Indonesia’s weight in the MSCI Asia ex-Japan index is relatively small.