Indonesia Stocks Crash 11% on Downgrade Warning as Asia Rebounds — SkimNews
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- Asia stocks extended a rebound as chipmakers gained, recovering ground after a tech sell-off tied to AI concerns (per AP, Yahoo Finance, and Investing.com headlines)
- Indonesia shares slumped 11% following a market downgrade warning, bucking the broader regional rebound
Why it matters: The 11% Indonesian plunge on a downgrade warning dwarfs the chip-led regional bounce, signaling that a single sovereign downgrade can override sector-wide recovery narratives across emerging Asia.
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