Indonesian Stocks Dive as MSCI Weighs Standalone Market Downgrade
MSCI warned that Indonesia risks being removed from its indexes, and Indonesian stocks were headed for their biggest drop since the 1998 Asian financial crisis.
By Amanda Lee and Ying Xian WongIndonesian stocks were headed for their biggest drop since the Asian financial crisis in 1998 after index provider MSCI warned the country risked being removed from its indexes, reigniting fears about capital flight and the investability of one of Southeast Asia's la…