Indonesian Stocks Suffer Worst Day Since 1998 on MSCI Warning
Indonesian stocks recorded their steepest drop since 1998 after MSCI warned the country risked removal from its indexes.
Indonesian shares posted their sharpest decline since the 1998 Asian financial crisis after index provider MSCI warned that the country could be removed from its indexes. The warning revived concerns about capital flight and whether Southeast Asia’s largest economy is investable.