Indonesia Stocks Crash 11.6% as MSCI Threat Sends Rupiah to Record Low
Photo: Coinpedia
Indonesia’s financial markets have crashed after Morgan Stanley Capital International (MSCI) threatened to downgrade the country from an emerging market to a standalone market. The warning triggered a sharp sell-off, with the Jakarta Composite Index falling 11.6% in one day and losing around $82 billion in market value over two days.
Source: Coinpedia
