Europe has France 法国, Asia-Pacific has Indonesia 印尼—their flags even look kinda similar! Indonesia's recent large-scale capital sell-off is something to keep an eye on. Over the past month, the Indonesian stock market has already dropped by 23%! The trigger? MSCI announced it’s considering downgrading Indonesia from an "Emerging Market" to a "Standalone Market," sparking market panic and foreign capital sell-offs! At the same time, the Indonesian Rupiah is also depreciating significantly, with the exchange rate against the US dollar weakening to 18,040, further accelerating the foreign capital exodus! It’s starting to feel a bit like the 1998 Asia-Pacific financial crisis. Will Europe’s storm hit first, or will Asia’s come faster? Recently started buying more gold again—let’s wait and see! This post is sponsored by @binancezh: "Binance Buy US Stocks: Global assets, zero time lag, one-click access"!