Indonesian Stocks Drop About 40% This Year as MSCI Threatens Index Removal
The Jakarta Composite Index has lost more than 6 quadrillion rupiah ($330.77 billion) in market value after MSCI threatened to remove it from global emerging-market indexes.
By Gregor Stuart HunterIndonesian stocks have dropped about 40% this year and the Jakarta Composite Index IDX:COMPOSITE has shed more than 6 quadrillion rupiah ($330.77 billion) in market value, triggered by MSCI's threat to remove it from global indexes tracking emerging markets.Here's who owns In…