(Corrects to say Morgan Stanley revised target on MSCI Indonesia Index.)
Indonesian shares dropped as Morgan Stanley cut its estimate for the MSCI Indonesia Index. The rupiah fell for a second day.
The Jakarta Composite index sank 2.5 percent to 3,920.72 as of 9:53 a.m. local time. Morgan Stanley lowered its estimate for December 2011 returns on the MSCI Indonesia index to 1 percent from 13 percent previously, according to a report dated yesterday.