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Indonesian Markets Resume Slide Following Moody’s Outlook Downgrade
Abstract：Indonesian equities and the Rupiah faced renewed selling pressure on Friday after Moody’s downgraded the nation's credit rating outlook, compounding a recent $80 billion market rout.
Southeast Asia‘s largest economy faced a turbulent end to the week as Indonesian stocks and the Rupiah (IDR) skidded on Friday. The selloff was triggered by Moody’s Investors Service lowering the countrys credit rating outlook, a move that severely dented investor sentiment.
Capital Flight Concerns
This credit outlook adjustment serves as the latest jolt to the market, following a massive $80 billion rout in Indonesian equities just last week. The downgrade has exacerbated fears regarding the stability of the region's financial markets.
- Asset: Rupiah (IDR)
- Market Impact: $80 billion rout
- Rating Agency: Moodys
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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