Indonesia Stocks Log Worst Day Since 1998 on MSCI Threat — SkimNews
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- Indonesia suffered its worst stock-market day since 1998 after MSCI threatened a downgrade, with the government now working to stabilize markets.
- Indonesia's government is deploying an influencer-driven economic messaging strategy that has jarred investors already anxious over MSCI risk, per Bloomberg.
Why it matters: Indonesia hasn't seen a stock-market rout this severe since the 1998 Asian financial crisis, and MSCI's downgrade warning now puts the country's emerging-market status — and the foreign capital tied to it — directly at risk.
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