Indonesian Stocks Fall as Concerns Over MSCI’s Downgrade Return
Indonesian shares declined, ending a two-day rebound in a sign of fresh worries about MSCI Inc.’s warning to downgrade the Southeast Asian country.
(Bloomberg) -- Indonesian shares declined, ending a two-day rebound in a sign of fresh worries about MSCI Inc.’s warning to downgrade the Southeast Asian country. The benchmark Jakarta Composite Index fell as much as 2.7% in early Thursday trading, before paring the losses.Indonesian stocks suffered their worst rout in nearly three decades after MSCI warned last week the country’s emerging-market status was in jeopardy.
