Indonesia Stocks Pare Worst Rout Since 1998 on Reform Promise

Indonesian equities staged a late-session recovery from their deepest two-day rout in nearly three decades, as regulators pledged measures aimed at averting a potential downgrade by MSCI Inc.

The benchmark Jakarta Composite Index ended the day 1.1% lower, swinging from an earlier 10% plunge that triggered a 30-minute trading halt. The market — which was on track for its most severe selloff since the 1998 Asian Financial Crisis — stabilized after the Financial Services Authority promised improved liquidity requirements.