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Indonesia stock market plunges over -11%, largest drop since 1998. MSCI considering downgrading Indonesia from "emerging" to "standalone" market. Standalone downgrade could force global funds to sell Indonesian stocks, triggering billions of dollars in outflows. Move comes amid concerns over market transparency, ownership, and trading integrity. Announcement triggers massive sell-off and temporary trading halt. Indonesian rupiah falls to 18,070 per dollar, nearing record low of 18,190.
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YemenHouthi-held Hodeidah airport, telecommunication networks on Mount Bard in Kusmah district, Raymah governorate and in Bani Matar in Sana'a were targeted by airstrikes. Photo from Hodeidah airport
