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Indonesia’s Top Stocks Face Outsized Selling, Says Allspring
Source: Bloomberg
Emerging MarketsMarket Technicals & FlowsInvestor Sentiment & Positioning
Indonesian bank and telecommunications stocks may face further losses as even the country’s best-run companies struggle to avoid a broad selloff. Allspring Global Investments cited the risk of a downgrade by MSCI Inc.; the article provides no downgrade decision or quantified market move.
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