US markets closed lower on Thursday (25 Sep): Dow -0.38%, S&P 500 -0.50%, Nasdaq -0.50%. U.S. stocks fell for a third straight session on Thursday as an unexpected drop in jobless claims and stronger GDP data raised doubts about future Fed rate cuts. The 10Y US Treasury yield edged up +0.63% (+0.026 bps) to 4.170%, while the USD Index strengthened +0.69% to 98.6.
Commodity markets closed higher on Thursday (25 Sep): WTI crude +0.26% to USD 64.98/bbl, Brent crude +0.16% to USD 69.4/bbl, coal +0.38% to USD 105.1/ton, CPO +1.37% to MYR 4,39, and gold +0.36% to USD 3,749.4/oz.
Asian markets mostly closed lower on Thursday (25 Sep): Kospi -0.03%, Hang Seng -0.13%, Nikkei +0.27%, and Shanghai -0.01%. JCI fell -1.06% to 8,040.7, with foreign investors booking a net sell of IDR 1,001.9 billion; IDR -878.7 billion in the regular market, and IDR -123.2 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by ANTM (IDR 453.7 billion), followed by BBCA (IDR 222.1 billion), and BRPT (IDR 146.8 billion). The largest foreign inflow in the regular market was recorded by BUMI (IDR 74.4 billion), followed by BRMS (IDR 47.2 billion), and DEWA (IDR 42 billion). Top leading movers are GOTO, INKP, PGUN, while top lagging movers are BBRI, BRPT, DCII.
This morning, both the Kospi (-1.12%) and Nikkei (-0.28%) opened lower. Given the negative sentiment in global and regional markets, we expect JCI to decline today.
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