Indonesia Stocks Fall as Much as 11.5% After MSCI Warning

Indonesia's stock market fell as much as 11.5%, its steepest one-day decline since 1998. MSCI raised concerns about suspicious trading, possible stock manipulation and limited transparency in the market. The sell-off adds a sharp emerging-market stress signal for U.S. traders watching risk assets. The rupiah also weakened past 18,000 per U.S. dollar, extending pressure beyond equities. This year's decline has topped 30%, and foreign investors have pulled nearly $5 billion. Those figures put the steep daily loss alongside broader declines and investor outflows. The comparison with 1998 puts the one-day move in a longer market context.

Source: TokenPost