Stocks rebound after tech sell-off and Indonesia shares sink on market downgrade warning
HONG KONG — Asian shares mostly advanced on Friday, a day after a tech sell-off dragged stocks lower, while Indonesia’s stock market plunged following a downgrade warning.
TL;DR
- Asian shares mostly advanced on Friday.
- This followed a tech sell-off that dragged stocks lower the previous day.
- Indonesia's stock market plunged significantly.
- The plunge in Indonesia was triggered by a downgrade warning from MSCI.
- MSCI warned it would downgrade Indonesia from its 'emerging market' status.
- This warning raised concerns about potential capital flight from Indonesia.