Shares in Indonesia slid 321 points, or 3.9%, to 8,008 on Thursday afternoon, recovering from an earlier 8.0% plunge that triggered a 30-minute trading halt. The rout followed a downgrade by Goldman Sachs, which warned of potential USD 2.2 billion in outflows after MSCI raised transparency concerns and cautioned that Jakarta could face frontier market status if reforms lag. A top minister urged the bourse to ramp up transparency measures, with regulators saying they would double the free float requirement on listed firms to 15%, with a longer-term target of 25%. That compares with 25% thresholds in Hong Kong and India, and 15% in Thailand. Meanwhile, futures for the S&P 500 and Nasdaq rose after the Fed held rates steady and Chair Powell noted the economic outlook was improving. Losses eased in some sectors, though falls stayed sharp. Aneka Tambang (-7.2%), Bank Negara (3.2%), and Telkom Indonesia (-2.0%) fell, while Bank Rakyat Indonesia (0.8%) and Petrindo Jaya (8.7%) advanced.