Indonesian stocks plunge to six-year low as MSCI downgrade fears mount
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowThe Semanggi overpass in Jakarta, Indonesia. Fadil Aziz | The Image Bank | Getty Images Indonesia's benchmark stock index plunged over 5% on Monday to its lowest level in six years, as concerns over a potential downgrade by MSCI intensified fears of further foreign investor outflows. The Jakarta Composite Index tumbled to its lowest level since early October 2020, extending a bruising sell-off in Indonesian equities. MSCI, the index provider, on Friday proposed reclassifying Indonesia directly f
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About MSCI Inc. (MSCI)
MSCI provides global equity indices and investment-analytics tools.
The Financials sector covers banks, insurers and capital-markets firms at the center of the economy.
Earlier MSCI news
- Indonesia Stocks Log Worst Day Since 1998 on MSCI Downgrade Warning - WSJ
- Potential Impact of Indonesia's Removal from MSCI Index
- Indonesia Stocks Decline After MSCI Index Warning
- Brazil's Bovespa Index Up 8% as Bolsonaro Leads Run-Off
- China AI Investments: Focus on MCHI and EEM Strategies
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