Indonesia Stocks Plunge Amid MSCI Downgrade Threat Over Reform Delays
Indonesia's stock market plummeted over 11% in a single day, its steepest drop since 1998, after global index provider MSCI proposed reclassifying the country from "Emerging Market" to "Standalone Market" status due to delays in promised reforms. The MSCI decision, a key benchmark for institutional investors, raises serious concerns about potential capital outflows worth billions of dollars.
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