Indonesia’s MSCI Crisis Driven By Wash Trades and 5,000% Rallies

Stock trading schemes that helped enrich Indonesia’s tycoons have put the country on the verge of a costly MSCI downgrade.

By Harry Suhartono and Prima Wirayani · Bloomberg Markets

Stock trading schemes that helped enrich Indonesia’s tycoons have put the country on the verge of a costly MSCI downgrade.