GgoogleSG first seen 6 d ago, last 6 d ago, peak #1
Indonesian stocks plunge on MSCI expulsion threat
Original: ihsg
Indonesian markets are in turmoil after MSCI warned it could exclude the country from its global indexes, triggering panic selling and wiping out roughly $85 billion in market value in what local media call a Black Week for the Indonesia Stock Exchange. Officials are seeking clarification from MSCI, while the government weighs a reported $5 billion bet to support its own market, with some calling the warning a wake-up call.
Why now: A rare MSCI downgrade threat has sent Indonesian stocks tumbling and raised fears the country could be cut off from global capital.
IndonesiaMSCIIndonesia Stock Exchange
Evidence
- Indonesian stocks plunge to six-year low as MSCI downgrade fears mount · CNBC
- Indonesia's $5 billion bet on its own stock market · Fortune
- Indonesia stock exchange to meet MSCI on Monday, seeking clarification on downgrade warning · The Business Times
- 'Panic' selling hits Indonesian markets on MSCI expulsion threat · Reuters
- Black Week for Indonesia Stocks Exchange as Market Loses $85 Billion · Jakarta Globe
- Indonesia faces rare MSCI exclusion that could cut it off from global capital · Reuters
- Indonesia gets 'wake-up call' as MSCI prepares to expel it from global indexes · Reuters
- Frail Indonesian markets reel after MSCI shock warning, Money News · AsiaOne.com
- Indonesia stocks plunge after MSCI says market could be cut from indices · Financial Times
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