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Turkey, Qatar, Pakistan, and Indonesia signed a defense cooperation agreement in Doha aimed at strengthening military capabilities, training, and defense cooperation.
Indonesia reels from violent riots — students set fire to streets and challenged police. Mass student protests have erupted across the country amid forest fires and soaring prices. Demonstrations are taking place in Jakarta, Yogyakarta and Bandung, with protesters setting fires, damaging vehicles and erecting barricades. Riot police have been deployed to the capital, with 9,500 officers already present. Protesters are demanding that the fires be declared a national disaster, that an investigation into corruption be launched, and that economic inequality be addressed.
Protesters attacked and set fire to a police crowd-control truck in Bandung, Indonesia.Students and civil society groups rallied over unemployment, prices, corruption and land issues
Indonesia stock market plunges over -11%, largest drop since 1998. MSCI considering downgrading Indonesia from "emerging" to "standalone" market. Standalone downgrade could force global funds to sell Indonesian stocks, triggering billions of dollars in outflows. Move comes amid concerns over market transparency, ownership, and trading integrity. Announcement triggers massive sell-off and temporary trading halt. Indonesian rupiah falls to 18,070 per dollar, nearing record low of 18,190.
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