Indonesia’s Prabowo remains defiant in the face of an MSCI double downgrade
MSCI's proposal to reclassify Indonesia as a "standalone" market triggered a stock rout and a presidential outburst.
Fortune ·
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The Latest Breaking News from Jeffrey Hendrik
Global Market: Indonesia stock exchange to meet MSCI after downgrade warning triggers market rout
Indonesia’s stock exchange will meet MSCI on Monday to seek clarity over a warning that could strip the country of its emerging-market status. The threat triggered a sharp selloff, wiping $65 billion off market capitalisation on Friday. A downgrade could prompt foreign fund outflows and weaken investor participation in Indonesian…
The Economic Times ·
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