Indonesian Stocks Rise 1% After Authorities Move to Stem Selling
Indonesia’s benchmark IDX Composite rose 1% in early trading Tuesday after authorities introduced measures to restrict selling. The measures followed a record two-day $82 billion rout sparked by MSCI’s warning of possible removal from its global indexes.
Indonesian stocks were little changed on Tuesday after authorities in Jakarta introduced measures to curb selling. The steps followed a record two-day rout that erased $82 billion and came after index provider MSCI warned that Indonesia could be removed from its global indexes. Jakarta’s benchmark IDX:COMPOSITE rose 1% in early trading on…