Indonesia Stocks Fall 3.6%, Jakarta Composite Closes at Six-Year Low
The Jakarta Composite Index closed 3.6% lower at 4,996.61, after falling as much as 5.4% earlier. Stocks extended their slump after MSCI cautioned last week that Indonesia could be removed from its indexes.
Indonesia's Jakarta Composite Index posted its lowest close in six years, as stocks continued to slump after index provider MSCI last week cautioned that the country could be removed from its indexes. The benchmark index closed 3.6% lower at 4996.61, and was down by as much as 5.4% earlier in the s…