Business & Economy · 22 views
As public sentiment sours, Indonesia awaits MSCI verdict which risks $13 billion in capital outflows
The day of reckoning for Indonesia’s stock market is here. MSCI, the global benchmark provider, will determine whether to downgrade Southeast Asia’s largest economy to “frontier market” status , or keep it as an emerging market, on June 23.
Summary
The day of reckoning for Indonesia’s stock market is here. MSCI, the global benchmark provider, will determine whether to downgrade Southeast Asia’s largest economy to “frontier market” status , or keep it as an emerging market, on June 23. If MSCI downgrades Indonesia, as much as $13 billion could flow out of the country, as calculated by Goldman Sachs. “If MSCI confirms a downgrade, index funds would sell Indonesian holdings automatically,” Achmad Sukarsono, associate director at consultancy Control Risks, tells Fortune .
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