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Indonesian stocks tumbled after MSCI Inc. said the country no longer merits emerging-market status, risking an ejection from its global indexes and triggering fears of foreign capital flight. Bloomberg's Anthony Stephens breaks down the developments. (Source: Bloomberg)
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A standalone classification could force investment funds tracking the MSCI's emerging market indexes to sell Indonesian holdings.
HONG KONG: Indonesian stocks plunged more than 11 per cent Friday as index compiler MSCI said it was "no longer appropriate" to maintain the country's emerging-market status, fuelling fears of an…
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