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News 2026-10-16 10:13 UTC

EMERGING MARKETS — Turkey, Indonesia hit by MSCI downgrade warnings

Turkish stocks slide after MSCI warns of downgrade Indonesia logs worst day since 1998 as MSCI proposes downgrade UBS, JPMorgan warn of sharp outflows from both markets Focus on Romania politics, upcoming South Africa budget By Johann M Cherian and Sudeshna Ghoshal Oct 16 (Reuters) — Indonesian and Turkish stocks sank