VOA标准英语10月-Indonesia Keeps Stock Exchange Closed

Indonesia closed its stock exchange for the second day to halt a flurry of selling that sent the main stock index plummeting¹ more than 20 percent this week, while Asian trading ended mixed. VOA's Nancy-Amelia Collins has more from Jakarta.
　

Traders walk on the trading floor as the market is suspended at the Indonesia Stock Exchange in Jakarta, 09 Oct 2008

Trading on the Jakarta Stock Exchange was canceled for a second straight day and officials say it may stay closed for the remainder of the week.

Stock exchange president Erry Firmansyah said it will remain closed to give investors² a chance to "calm down before they make decisions."

Indonesia's benchmark composite index has dropped more than 20 percent this week, driven by the financial turmoil³ in the United States.

Traders attributed the fall to selling by major foreign investors.

Fauzi Ichsan, senior economist⁴ at Standard Chartered Bank Indonesia, says the global financial crisis is likely to impact only Indonesia's stock market and currency.

"I think it would affect the real economy for example, if the equity⁵ market continues to tank and foreign investors continue to sell their Indonesian shares," he said. "And with the rupiah they get they change to dollars, and the rupiah becomes under pressure, the rupiah tanks, and imported inflation accelerates, and therefore headline inflation also accelerates, then that would hit the real economy."

But Fauzi says the economic impact of the global economic crisis is likely to be limited in Indonesia.

"As long as the fall, the weakening of the equity market is confined to the so called economic elite⁶ of Indonesia, the impact on the real sector⁷, on the real economy is negative, but it is likely to be limited compared to similar impact in the U.S," he said.

The central bank senior deputy governor Miranda Goeltom said the government may extend a guarantee on deposits, similar to moves made by other countries.

The plunge⁸ in the stock markets Wednesday prompted coordinated⁹ rate cuts by central banks in Europe, the United States, the Britain, Canada, and China in an attempt to stave off a global recession.

Central banks in South Korea and Taiwan also cut their rates hoping to rally Asian shares.

But trading on Asian markets ended mixed with the Hang Seng in Hong Kong closing with a gain of more than three percent and Seoul's index trading higher, but markets in Japan, Taiwan, Manila, Sydney, and Wellington fell.

1 plummeting   

v.垂直落下，骤然跌落( plummet的现在分词 )

参考例句：

• Prices are rising, falling, going up, going down, shooting up, plummeting, etc. 物价在上涨、下跌、上升、下落、猛然上涨、骤然下跌等。 来自辞典例句
• The enemy plane went plummeting into the sea. 敌机直直掉进海里。 来自辞典例句

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 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。

4 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。

5 equity   

n.公正，公平，（无固定利息的）股票

参考例句：

• They shared the work of the house with equity.他们公平地分担家务。
• To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

6 elite   

n.精英阶层；实力集团；adj.杰出的，卓越的

参考例句：

• The power elite inside the government is controlling foreign policy.政府内部的一群握有实权的精英控制着对外政策。
• We have a political elite in this country.我们国家有一群政治精英。

7 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。

8 plunge   

v.跳入，(使)投入，(使)陷入；猛冲

参考例句：

• Test pool's water temperature before you plunge in.在你跳入之前你应该测试水温。
• That would plunge them in the broil of the two countries.那将会使他们陷入这两国的争斗之中。

9 coordinated   

adj.协调的

参考例句：

• The sound has to be coordinated with the picture. 声音必须和画面协调一致。
• The numerous existing statutes are complicated and poorly coordinated. 目前繁多的法令既十分复杂又缺乏快调。 来自英汉非文学 - 环境法 - 环境法