Indonesia faces rare MSCI exclusion that could cut it off from global capital

A warning from MSCI that it may exclude Indonesia from its stock market indexes — benchmarks used by global financial investors — risks cutting the nation off from international capital and relegating it to an investment backwater. MSCI stunned investors by proposing that it ​remove Indonesia from its global stock indexes altogether, months after floating a less severe downgrade from emerging market to frontier over opaque ownership and securities trading practices. A cut to standalone status...