Indonesia Stocks Plunge as MSCI Warns of $19bn Outflows

Indonesian stocks plunged more than 11% on Friday after global index provider MSCI proposed downgrading the country’s equity market from emerging-market to standalone status, raising concerns that the decision could trigger up to $19 billion in investment outflows. The Jakarta Composite Index suffered its steepest one-day decline since 1998, falling to its lowest level in … Read more