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Indonesian stocks see sharpest one-day drop since 1998 after proposed MSCI downgrade
The decline threatens billions of dollars in capital outflows from Southeast Asia’s largest economy.
Read more: https://sc.mp/npx7p
Indonesian stocks suffered their worst one-day drop in 28 years on Friday, with the Jakarta Composite Index plunging as much as 11.4 per cent after MSCI proposed stripping the country of its “emerging market” status.
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