US markets closed higher on Tuesday (30 Sep): Dow +0.18%, S&P 500 +0.41%, Nasdaq +0.30%. Markets ended Q3 on a strong note, defying September’s reputation as one of the toughest months for US equities. The 10Y US Treasury yield rose +0.17% (+0.007 bps) to 4.150%, while the USD Index weakened -0.13% to 97.8.
Commodities mostly closed lower on Tuesday (30 Sep): WTI crude -1.70% to USD 62.37/bbl, Brent crude -1.40% to USD 67.02/bbl, coal -0.52% to USD 106.2/ton, while CPO fell -0.75% to MYR 4,352. Gold, however, rose +0.66% to USD 3,859/oz.
Asian markets closed mixed on Tuesday (30 Sep): Kospi -0.19%, Hang Seng +0.87%, Nikkei -0.25%, and Shanghai +0.52%. Meanwhile, the JCI fell -0.77% to 8,061.1, with foreign investors recording total net sell of IDR 1,702bn: IDR 1,252bn in the regular market and IDR 450bn in the negotiated market. The largest foreign net sells in the regular market were in BBCA (IDR 382.3bn), BBRI (IDR 233.7bn), and ARCI (IDR 214bn). The largest net buys were in RAJA (IDR 196.5bn), WIFI (IDR 78.5bn), and CUAN (IDR 56.8bn). Top gainers included DSSA, AMMN, and FILM, while top laggards were BBRI, BREN, and BBCA.
This morning, Kospi opened higher (+0.77%) while Nikkei opened lower (-0.60%). We expect the JCI to decline today, weighed down by negative sentiment from commodities.
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