US stocks closed mixed on Tuesday (14 Oct): Dow +0.44%, S&P 500 -0.16%, and Nasdaq -0.76%. US equities experienced a mixed session as China escalated tensions in its trade dispute with the US, while investors digested the start of the third-quarter earnings season from major Wall Street banks and remarks from Federal Reserve Chair Jerome Powell at an economic conference. The 10-year US Treasury yield fell -0.35% (-0.014bps) to 4.039%, while the US Dollar Index weakened -0.22% to 99.0.
Commodity markets mostly closed lower on Tuesday (14 Oct): WTI crude -1.33% to USD 58.7/bbl, Brent crude -1.47% to USD 62.4/bbl, coal -0.52% to USD 104.40/ton, CPO -0.82% to MYR 4,461, and gold rose +0.79% to USD 4,142.9/oz.
Asian markets closed lower on Tuesday (14 Oct): Nikkei -2.58%, Hang Seng -1.73%, and Shanghai -0.62%. The JCI fell -1.96% to 8,066.52, with total foreign net sell of IDR 1,364 billion — comprising IDR 1,323.7 billion in the regular market and IDR 40.3 billion in the negotiated market. The top foreign net sells in the regular market were BBRI (IDR 424 billion), BBCA (IDR 302 billion), and CDIA (IDR 250 billion), while the top net buys were ANTM (IDR 60 billion), NCKL (IDR 57 billion), and MDKA (IDR 55 billion). Top leading movers were DSSA, FILM, and ENRG, while top lagging movers were BBRI, BRPT, and CUAN.
This morning, both Kospi (+1.27%) and Nikkei (+0.62%) opened higher. We expect the JCI to rebound today following yesterday’s sharp decline, supported by positive sentiment from regional markets.
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