Jakarta Shares Post Worst One-Day Fall in Nearly 30 Years on Index Downgrade Plan

Jakarta shares had their worst one-day fall in nearly 30 years after a Reuters report that MSCI, a firm whose stock rankings big investors follow, plans to downgrade Indonesia, like demoting a team to a lower league. No final decision yet; MSCI's consultation runs to October 15. Prices recovered after state fund Danantara said it had been buying.