Why Indonesia Risks Losing Emerging-Market Status

Indonesia's stock market plunged from near record highs this week. The sell-off was at one point the [music] worst since 1998 and has now led to the stock exchange CEO resigning. A warning by MSCI about a possible downgrade in Indonesia's status as emerging market sparked back-to-back trading halts and frantic client calls across dealing desks from Hong Kong to Singapore.At the heart of this turmoil is the low free float [music] or the amount of shares available for public trading of Indonesian stocks. If M ...