MSCI's Indonesia Downgrade Consideration Was Followed by $65 Billion Selloff
MSCI said last week it was considering moving Indonesia's stock market from emerging-market to standalone status. The announcement was followed by a selloff that erased about $65 billion in market value on the day.
Last week, global index provider MSCI said it was considering moving Indonesia's stock market from “emerging market” to “standalone” status. The announcement triggered a selloff that erased about $65 billion in market value that day. The announcement is the latest setback for Indonesian marke…