Indonesia's stock market just got absolutely wrecked.
Friday: -11.6%
Monday: Another -5%+
$65B evaporated in ONE session.
Why? MSCI might boot Indonesia from Emerging Market status. Concerns over transparency and trading practices. If it happens, $5.6B in forced outflows from global funds.
Key point: Nothing official yet. Decision still pending.
But the market's already pricing in the worst case. Six-year lows and panic selling across the board.
This could be contagion risk for broader EM. Watch liquidity closely.
Friday: -11.6%
Monday: Another -5%+
$65B evaporated in ONE session.
Why? MSCI might boot Indonesia from Emerging Market status. Concerns over transparency and trading practices. If it happens, $5.6B in forced outflows from global funds.
Key point: Nothing official yet. Decision still pending.
But the market's already pricing in the worst case. Six-year lows and panic selling across the board.
This could be contagion risk for broader EM. Watch liquidity closely.