Indonesian Stocks Dive as MSCI Weighs Standalone-Market Downgrade
MSCI said Indonesia risks removal from its indexes, and Indonesian stocks suffered their biggest drop since the 2008 global financial crisis.
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04:48:44 AM UTC
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By Sameer ManekarIndonesian stocks suffered their steepest one-day fall in nearly three decades on Friday after MSCI said the country was no longer worthy of "emerging market" status, threatening billions of dollars in capital outflows from Southeast Asia's largest economy.South Korea's benchmark K…
By Amanda Lee and Ying Xian WongIndonesian stocks suffered their biggest drop since the 2008 global financial crisis after index provider MSCI said the country risked being removed from its indexes, reigniting fears about the investability of the Southeast Asian economy.The Jakarta Composite Index…