Indonesian stocks dive 11% as MSCI weighs market reclassification
Indonesian stocks plunged more than 11 percent Friday as index compiler MSCI said it was "no longer appropriate" to maintain the country's emerging-market status, fuelling fears of an exodus of foreign investment.A standalone classification could force investment funds tracking the MSCI's emerging market indexes to sell Indonesian holdings.
Indonesian stocks plunged more than 11 percent Friday as index compiler MSCI said it was "no longer appropriate" to maintain the country's emerging-market status, fuelling fears of an exodus of foreign investment.A standalone classification could force investment funds tracking the MSCI's emerging market indexes to sell Indonesian holdings.
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