During Asian trading hours on October 30, USD/IDR snapped a three-day losing streak and rebounded to around 18,180, as persistent foreign capital outflows continued to weigh on the rupiah. Sentiment in the Indonesian market remains fragile, with the Jakarta Composite Index falling 1.29% to around 5,030 points, largely dragged down by weakness in U.S. stock index futures. Earlier, a sharp overnight plunge in Alphabet shares weighed on Wall Street, rekindling concerns over returns on massive investments in the AI sector. Bank Indonesia reiterated that it will stabilize the local currency through intervention in the spot foreign exchange market, non-deliverable forwards (NDFs) and domestic non-deliverable forwards (DNDFs), and by purchasing government bonds in the secondary market—measures that may provide some support for the rupiah.