BusinessPhoto: Firstpost BusinessMSCI Proposal Could Cost Indonesia Billions in Investments
MSCI's proposal to remove Indonesia from its global stock market indexes could lead to billions of dollars in foreign investment outflows. The country's main stock index dropped 11.6% in one day, wiping out about $65 billion in market value, the largest single-day fall since 1998. Banks estimate potential outflows between $3 billion and $6 billion, with JPMorgan estimating $4.8 billion and UBS warning of an additional $15 billion from active funds.
Firstpost Business·



