印尼股市在当局推出旨在避免MSCI公司可能的两步降级的新措施后，从近四十年来最严重的暴跌中反弹。
Indonesian stocks rebounded from their worst rout in nearly four decades after authorities unveiled fresh measures aimed at averting a potential two-step downgrade by MSCI Inc.
基准的雅加达综合指数最高上涨2.7%，收复了约15%的两日跌幅中的部分，这一跌幅是自1989年以来最为陡峭的，并巩固了该国成为全球表现最差的股市的地位。
The benchmark Jakarta Composite Index rose as much as 2.7%, clawing back some of a roughly 15% two-day plunge that was its steepest since 1989 and cemented the country’s position as the world’s worst-performing stock market.
印尼证券交易所表示，在周一交易所官员与MSCI代表会面后，将把股权高度集中公司剔除基准指数的计算。交易所还将通过确认持有公司至少1%股份的投资者是否与公司有关联，来扩大所有权披露。
The Indonesia Stock Exchange said it will remove companies with highly concentrated ownership from the calculation of the benchmark index, following a meeting between exchange officials and MSCI representatives on Monday. The bourse will also expand ownership disclosures by identifying whether investors holding at least 1% of a company’s shares are affiliated with the company.
“我们认为这是朝正确方向迈出的一步，长期的市场信誉比短期的指数表现更为重要，”雅加达Alphagate Capital的董事兼联合创始人亨利·维博沃说。
“We believe this is a step in the right direction, with long-term market credibility more important than short-term index performance,” said Henry Wibowo, director and co-founder of Alphagate Capital in Jakarta.
在MSCI表示正考虑将印尼从新兴市场降级为独立市场，超出其一月对可能重新划分为前沿市场的警告后，这些措施为投资者提供了一定的宽慰。该指数提供商对不透明的股权结构和疑似协同交易表示担忧，并称印尼监管机构今年宣布的改革尚未取得足够进展。
The measures offer investors some relief after MSCI said it’s considering downgrading Indonesia from emerging-market to standalone status, going further than its January warning of a possible reclassification to frontier status. The index provider raised concerns over opaque shareholding structures and suspected coordinated trading, saying reforms announced by Indonesian regulators this year had yet to produce sufficient progress.