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Indonesia stocks tank as downgrade risk triggers capital flight - Markets
Summary by The Jakarta Post
3 Articles
3 Articles
Indonesia Stock Exchange CEO Steps Down Amidst $80 Billion Market Turmoil
The head of the Indonesia Stock Exchange resigned on Friday following a warning from the index provider MSCI about a potential downgrade to “frontier” market status, which led to a market rout exceeding $80 billion. The benchmark Jakarta Composite Index was trading flat a day after authorities introduced measures to address MSCI’s concerns and alleviate investor apprehensions. Over the past Wednesday and Thursday, the index plummeted more than 8…
As investors flee Indonesian stocks fearing a historic downgrade, hope is sparked for China's troubled property sector. Gold prices set new records.
Coverage Details
Total News Sources3
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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