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Indonesia stocks suffer worst crash since 1998

Original: Indonesia's stock market had its worst day since 1998. Jakarta's main index fell 11.6% on Friday after MSCI said Indones

Indonesia's stock market suffered its worst day since the 1998 Asian financial crisis, with Jakarta's main index plunging 11.6% on Friday. Trading was halted for 30 minutes at the open after MSCI said Indonesia no longer deserves emerging market status, wiping out roughly US$60 billion in value in a single session and rattling investors across Southeast Asia.

Why now: A historic one-day market collapse triggered by MSCI downgrading Indonesia's emerging market status is shaking global investor confidence.

IndonesiaJakarta Composite IndexMSCIIndonesia Stock Exchange

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• Indonesia's stock market had its worst day since 1998. Jakarta's main index fell 11.6% on Friday after MSCI said Indonesia no longer deserves "emerging market" status. Trading was halted for 30 minutes at the open, and about US$60 billion in value vanished in one day. MSCI is… · i47i@social.i47i.cc · 7

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