The sovereign fund Dan Nantara stated that it has purchased stocks after the market crash.

Reuters Jakarta, October 22 - Indonesia's sovereign wealth fund, Danantara Indonesia, has been buying stocks it considers attractive, the fund's Chief Investment Officer said on Thursday, noting that several companies, including state-owned enterprises, still have solid fundamentals.

Pandu Sjahrir made these remarks at a press conference that followed a large-scale sell-off in the stock market last Friday, after MSCI warned it might downgrade Indonesia’s stock market to “standalone” market status.

(To facilitate non-English speakers, Reuters has automated the translation of its reports into several other languages. Automated translation may contain errors or lack necessary context, and Reuters does not guarantee the accuracy of automated translation texts, which are provided solely for readers’ convenience. Reuters accepts no liability for any harm or loss arising from the use of automated translation functions.)