VOA标准英语10月-Indonesia Cancels Plans to Reopen Stock Market Am

Indonesia kept its stock market closed for a third consecutive¹ day Friday to stem panic selling as global markets continued to fall over concerns about the U.S. financial crisis. VOA correspondent Nancy-Amelia Collins in Jakarta has more.

The Jakarta Stock Exchange President Erry Firmansyah told reporters plans to reopen the market Friday were shelved to "protect investors² and prevent further sharp falls."

Indonesian authorities had planned to reopen the market after a two-day suspension, but shelved the idea after Asian stocks fell Friday morning as traders dumped stocks in favor of cash amid the global uncertainty³.

Fuad Rahmani, head of Indonesia's capital market watchdog, says the market might resume trading on Monday.

"We hope we will be better prepared for Monday to open the market…because the market [has] become very irrational⁴, we have to feed the right information to the market so then the market can take decision more rationally on Monday," he said.

Indonesia's benchmark index dropped more than 20 percent this week, driven by the financial turmoil⁵ in the United States, and has fallen 47 percent this year.

Late Thursday evening the government announced new measures to safeguard the economy, including easing reserve requirements for commercial banks, making it easier for listed firms to conduct share buybacks, and easing accounting⁶ rules on the fair value of assets.

But Helmi Arman, economist⁷ at Bank Danamon Indonesia, says the new government measures are unlikely to calm the stock market, the money market, or the banking⁸ sector⁹.

"Everybody's got their eyes on what's happening globally. This is more of a global rather than a domestic issue that's driving down the market. The measures that they've taken, for instance, relaxing of market rules and easing of reserve requirements - it's positive, it's better than nothing," he said. "But whether or not it can stop the decline in the market - I think it will do very little, honestly."

Along with plunging¹⁰ Asian markets, Asian currencies were also battered¹¹ Friday prompting dollar selling intervention¹² in Indonesia, India, and South Korea.

1 consecutive   

adj.连续的，联贯的，始终一贯的

参考例句：

• It has rained for four consecutive days.已连续下了四天雨。
• The policy of our Party is consecutive.我党的政策始终如一。

2 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

3 uncertainty   

n.易变，靠不住，不确知，不确定的事物

参考例句：

• Her comments will add to the uncertainty of the situation.她的批评将会使局势更加不稳定。
• After six weeks of uncertainty,the strain was beginning to take its toll.6个星期的忐忑不安后，压力开始产生影响了。

4 irrational   

adj.无理性的，失去理性的

参考例句：

• After taking the drug she became completely irrational.她在吸毒后变得完全失去了理性。
• There are also signs of irrational exuberance among some investors.在某些投资者中是存在非理性繁荣的征象的。

5 turmoil   

n.骚乱，混乱，动乱

参考例句：

• His mind was in such a turmoil that he couldn't get to sleep.内心的纷扰使他无法入睡。
• The robbery put the village in a turmoil.抢劫使全村陷入混乱。

6 accounting   

n.会计，会计学，借贷对照表

参考例句：

• A job fell vacant in the accounting department.财会部出现了一个空缺。
• There's an accounting error in this entry.这笔账目里有差错。

7 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

8 banking   

n.银行业，银行学，金融业

参考例句：

• John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
• He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

9 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

10 plunging   

adj.跳进的，突进的v.颠簸( plunge的现在分词 )；暴跌；骤降；突降

参考例句：

• War broke out again, plunging the people into misery and suffering. 战祸复发，生灵涂炭。 来自《现代汉英综合大词典》
• He is plunging into an abyss of despair. 他陷入了绝望的深渊。 来自《简明英汉词典》

11 battered   

adj.磨损的；v.连续猛击；磨损

参考例句：

• He drove up in a battered old car.他开着一辆又老又破的旧车。
• The world was brutally battered but it survived.这个世界遭受了惨重的创伤,但它还是生存下来了。

12 intervention   

n.介入，干涉，干预

参考例句：

• The government's intervention in this dispute will not help.政府对这场争论的干预不会起作用。
• Many people felt he would be hostile to the idea of foreign intervention.许多人觉得他会反对外来干预。