Indonesia Stocks Crash 11.6% as MSCI Threat Sends Rupiah to Record Low

The post Indonesia Stocks Crash 11.6% as MSCI Threat Sends Rupiah to Record Low appeared first on Coinpedia Fintech News

Indonesia’s financial markets have crashed after Morgan Stanley Capital International (MSCI) threatened to downgrade the country from an emerging market to a standalone market.  The warning triggered a sharp sell-off, with the Jakarta Composite Index falling 11.6% in one day and losing around $82 billion in market value over two days.  Meanwhile, the Indonesian rupiah …