Indonesia battles to stabilise market after MSCI expulsion threat - Reuters — SkimNews
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- Indonesia is battling to stabilise its market after MSCI threatened expulsion or downgrade
- Indonesian stocks logged their worst single-day decline since 1998 on the MSCI downgrade warning
Why it matters: Indonesian stocks suffered their worst day since the 1998 Asian financial crisis following MSCI's downgrade warning, marking the most acute market stress in over 25 years. The New York Times frames Indonesia's economy as a 'ticking time bomb,' while Bloomberg notes the government's influencer-based outreach strategy has jarred investors rather than calmed them.
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