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MSCI Warns Indonesia of Possible Index Exclusion | Markets & Money News
Indonesia is facing a potential exclusion from MSCI stock market indexes, a move that could block access to global capital and significantly impact its economy. This warning has already led to a $65 billion drop in Indonesian equities and an 11.6% fall in the Jakarta Composite Index, marking its steepest decline since the 1998 financial crisis. Additionally, the rupiah fell, prompting speculation about possible interest rate hikes. The government is under pressure to enhance governance to
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