Morgan Stanley Downgrades Indonesian Stocks to Underweight

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(Bloomberg) -- Indonesia’s fiscal policy and a stronger dollar pose risks to investing in its stocks, strategists at Morgan Stanley wrote in a note while...

-- Indonesia’s fiscal policy and a stronger dollar pose risks to investing in its stocks, strategists at Morgan Stanley wrote in a note while lowering their recommendation.Investment Bank Moelis Probes Incident After Video of Employee Appearing to Punch Woman“We see near-term uncertainty over the direction of future fiscal policy stance as well as some weakness in the FX market amid still high US rates and a firm US dollar outlook,” strategists including Daniel Blake wrote in the June 10 note.

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