Indonesia Stock Market Faces MSCI Exile over Poor Governance

Decades of insider manipulation catches up with Jakarta Exchange …


By: Ainur Rohmah

Indonesia’s stock market suffered a dramatic sell-off on Friday after global index provider Morgan Stanley Capital International (MSCI) proposed removing the country from the global indexes tracked by investors, essentially sending it into the isolated backwater status of a standalone market.

The move would strip the country of its emerg…