Bloomberg: Indonesian stocks suffered their worst rout in nearly three decades after MSCI warned the country’s emerging-market status is in jeopardy, raising the prospect of Southeast Asia’s biggest economy being downgraded to the same classification as Palestine or Lebanon. The move piles pressure on President Prabowo Subianto, whose government is already contending with criticism over funding for its ambitious free-lunch program, concerns about central bank independence and unease at growing state control over key industries.
