Indonesia Revives Fears: Five Times Major Stock Markets Delivered Zero Returns For Decades
Indonesia’s stock market suffered its steepest single-day fall since 1998 on October 16 after MSCI proposed downgrading the country to standalone-market status. The Jakarta Composite Index plunged 11.57%, raising fears of billions of dollars in foreign investment outflows. It brings back memories of global markets that endured years, sometimes decades, of disappointing returns. 1. Japan:…