Indonesian Stocks Fall as Concerns Over MSCIโs Downgrade Return
Indonesian shares declined, ending a two-day rebound in a sign of fresh worries about MSCI Inc.โs warning to downgrade the Southeast Asian country.
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Indonesian shares declined, ending a two-day rebound in a sign of fresh worries about MSCI Inc.โs warning to downgrade the Southeast Asian country.
Indonesian banks and telecommunication stocks may face further losses, as the nationโs best-run companies struggle to stay immune from any broad selloff on the risk of a downgrade by MSCI Inc., according to Allspring Global Investments.
Indonesian stocks rebounded from their worst rout in nearly four decades after authorities unveiled fresh measures aimed at averting a potential two-step downgrade by MSCI Inc.
Indonesia will remove stocks with concentrated ownership from its benchmark equities index, the latest effort to avert a possible downgrade of its market status by MSCI Inc.
Indonesian markets extended their selloff, with stocks deepening their worst rout in almost 30 years and losses spreading to bonds and the rupiah after MSCI warned the country may face a two-step downgrade. Bloomberg's Anthony Stephens has more. (Source: Bloomberg)