Indonesia Stocks Rebound as Authorities Step Up Response to MSCI
AI Summary
Indonesian stocks rebounded after a severe selloff, following authorities' announcement of measures responding to concerns raised by MSCI. The actions are intended to avert a potential two-step downgrade of Indonesia's market classification.
Indonesian stocks rebounded from their worst rout in nearly four decades after authorities unveiled fresh measures aimed at averting a potential two-step downgrade by MSCI Inc.