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 equities.
Key Takeaways
- 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 equities.
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 equities.
Original Publisher Attribution
This summary was curated from Economic Times.