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Indonesia's stock market reportedly plunges over 14% in two days, worst since 1998, on MSCI downgrade fears
Posts contrast Indonesia's reported slide with gains of 0.4% for the S&P 500 and 1.1% for the Nasdaq.
TLDR
Two posts say Indonesia's market fell 11.6% on Friday and 3.6% on Monday amid an MSCI downgrade threat, describing it as the worst two-day decline since 1998. They also cite losses in Turkey and South Korea, while the S&P 500 rose 0.4% and the Nasdaq 1.1%. One poster interprets the contrast as a rotation into US stocks and AI, rather than a global crash.
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