Inside Indonesia’s Wash-Trade Scheme
Trading volume manipulation, opaque ownership and coordinated trades have shaken confidence in Indonesia’s markets and put the country at risk of being pushed out of MSCI’s major emerging-market indexes.
Bloomberg reporting reveals how some brokers engineered activity and inflated the appearance of demand, and why the fallout could drive billions of dollars out of one of Asia’s biggest economies.
(Corrected to include response from owner of Samuel Sekuritas at 5:10)
#Indonesia #Markets #Stocks #Business
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