Indonesia Stocks Crash 11.5% as MSCI Flags Market Risks

Indonesia's stock market plunged as much as 11.5%, its biggest daily decline since 1998, after MSCI raised concerns about suspicious trading, possible stock manipulation, and limited transparency. The market has fallen more than 30% this year, with foreign investors withdrawing nearly $5 billion and the rupiah weakening beyond 18,000 per US dollar.