According to CoinMeta, foreign capital has stopped its continuous selling, and the Indonesian stock market has begun to recover, driving the Jakarta Composite Index to rise by more than 5% this week, with the potential to achieve its best weekly performance since mid-June. On Friday, the index rose by 2.1%, outperforming major regional stock indices. Previously, MSCI warned that Indonesia might be downgraded from an emerging market to an independent market, triggering a sell-off in the stock market and causing valuations to drop to lows not seen in over a decade. This week, the Indonesian Stock Exchange announced that 300 stocks with highly concentrated ownership would be removed from the benchmark index to improve market liquidity and equity transparency. Foreign capital netted a purchase of $38 million in Indonesian stocks this week, marking the first net inflow in over nine months. At the same time, global funds have also started to increase their holdings of Indonesian government bonds. Analyst Herditya Wicaksana stated that the recent market correction has made Indonesian stock market valuations more attractive, investor sentiment has improved, and large-cap stocks, especially bank stocks, have once again gained favor with funds, becoming the main driving force behind the market rebound.