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Analysis: Indonesia’s market sell-off punishes poor governance

Last Friday was a Black Friday for Indonesian stocks. A market sell-off wiped out US$65 billion in value and sent the Indonesia Composite Index (IDX) plunging 11.6 percent, its steepest drop since 1998. The market did not crash because corporate fundamentals suddenly weakened, but because investors punished regulators for turning a blind eye to market abuses and acting only after MSCI forced…

Analysis: Indonesia’s market sell-off punishes poor governance

We haven't written up this one. The Jakarta Post Academia has the full story — the link below goes straight to it.

Read the original at thejakartapost.com →

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