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Indonesia Stocks Rebound as Authorities Step Up Response to MSCI

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Indonesia Stocks Rebound as Authorities Step Up Response to MSCI Indonesian stocks rebounded from their worst rout in nearly four decades after authorities unveiled fresh measures aimed at averting a potential two-step downgrade by MSCI Inc. The benchmark Jakarta Composite Index rose as much as 2.7%, clawing back some of a roughly 15% two-day plunge that was its steepest since 1989 and cemented the country’s position as the world’s worst-performing stock market.

Indonesia Stocks Rebound as Authorities Step Up Response to MSCI Indonesian stocks rebounded from their worst rout in nearly four decades after authorities unveiled fresh measures aimed at averting a potential two-step downgrade by MSCI Inc. The benchmark Jakarta Composite Index rose as much as 2.7%, clawing back some of a roughly 15% two-day plunge that was its steepest since 1989 and cemented the country’s position as the world’s worst-performing stock market.
Indonesia (LOCATION) MSCI Indonesia Stocks Rebound (ORG) Indonesian (ORG) MSCI Inc. (ORG) Jakarta (LOCATION)
Originally published by Bloomberg Markets Read original →