Indonesian stocks close at six-year low below 5,000, wiping out $27bn more, on MSCI downgrade fears

Indonesian stocks closed down 3.64% at 4,996, below 5,000 for the first time in six years, wiping out $27 billion more, as fears mount over a potential MSCI downgrade of the country's market status. The drop follows Friday's 11.57% crash, its biggest daily fall since the 1998 Asian financial crisis.

Detected & updated continuously · Source: Nebula