Indonesian stocks tank as downgrade risk sets off rush for exits
Orientul Mijlociu
The benchmark Jakarta Composite Index was down about 6 per cent, off an earlier drop of 8 per cent, hit by what brokerage sources called "panic selling". SINGAPORE/JAKARTA: Indonesian stocks headed on Thursday (Jan 29) for their steepest two-day slump since 1998 during the Asian financial crisis, as the risk of a downgrade to frontier market status rattled already fragile investor confidence and triggered a rush for the exits. Authorities in Southeast Asia's largest economy sought to stem the
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