Indonesia Stocks Fall as Morgan Stanley Cuts Target
By Darren Boey -
2011-08-19T02:59:02Z
(Corrects to say Morgan Stanley revised target on MSCI Indonesia Index.)
Indonesian shares dropped as Morgan Stanley cut its estimate for the MSCI Indonesia Index. The rupiah fell for a second day.
The Jakarta Composite index sank 2.5 percent to 3,920.72 as of 9:53 a.m. local time. Morgan Stanley lowered its estimate for December 2011 returns on the MSCI Indonesia index to 1 percent from 13 percent previously, according to a report dated yesterday.
To contact the reporter on this story: Darren Boey in Hong Kong at dboey@bloomberg.net
To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net
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