News
Indonesian Stocks Fall to Six-Year Low
Indonesian stocks fell to a six-year low as investors sold shares following MSCI’s proposal to remove the country from its emerging-market indexes. The Jakarta Composite Index dropped by 5.1% to 4,921.74 during trading, marking its largest daily fall since the 1998 Asian financial crisis. The two-session decline erased approximately $90 billion in market value, with October’s decline at approximately 19% and Indonesian stocks now down about 40% since the start of the year.