Indonesian Stocks Fall After Last Week's Dramatic Shake-Up, US$ 80 Billion Rout

STOCK MARKET - SINGAPORE. Indonesian stocks slid on Monday after a tumultuous week during which a warning from MSCI over transparency concerns triggered an US$ 80 billion market rout and the country's top financial regulators resigned.

The benchmark Jakarta Composite Index fell over 4% in early trading after sliding nearly 7% last week, its steepest drop in a year. Indonesian stocks recouped some losses on Friday after the government rolled out a slew of measures to allay some of index provider MSCI's concerns.