From Nikkei Asia · · 40s
Indonesia Stocks Drop 11% After MSCI Downgrade Threat
Indonesian stocks plummet 11% as MSCI threatens to downgrade Indonesia from emerging market status.
In brief
Indonesian stocks plummet 11% as MSCI threatens to downgrade Indonesia from emerging market status. Indonesia's stock market fell 11% after MSCI warned it might remove the country from emerging market status. Originally reported by Nikkei Asia.
Indonesian Stocks Plunge
Indonesia's Jakarta Composite Index dropped over 11% on Friday as concerns over capital outflows increased.
MSCI Downgrade Threat
MSCI warned Indonesia might lose emerging market status unless it makes progress in its stock market reforms.
Market Impact
Indonesia's stock market faced a major setback as it worked to maintain its emerging market status.
The headline
Indonesia's stock market fell 11% after MSCI warned it might remove the country from emerging market status.
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