US markets closed lower on Tuesday (4/10): Dow -0.53%, S&P 500 -1.17%, and Nasdaq -2.04%. US equities fell as doubts over the lofty valuations of AI-related companies weighed on sentiment, while investors digested a series of latest quarterly earnings reports and cautious remarks from several major CEOs. The 10-year US Treasury yield declined -0.56% (-0.023bps) to 4.086%, while USD Index rose +0.34% to 100.22.
Commodity markets closed mixed on Tuesday (4/10): WTI crude -1.02% to USD 60.4/bbl, Brent crude -0.69% to USD 64.4/bbl, coal +1.65% to USD 113.9/ton, CPO +0.68% to MYR 4,143, and gold -1.73% to USD 3,932.1/oz.
Asian markets also ended lower on Tuesday (4/10): Hang Seng -0.79%, Shanghai -0.41%, and Nikkei -1.74%. The JCI fell -0.40% to 8,241.9, with total foreign net buy of IDR 304.5 billion (regular market: +IDR 307.2 billion; negotiated market: -IDR 2.7 billion). The largest foreign inflows in the regular market were recorded by TLKM (IDR 369.2 billion), BBCA (IDR 316.3 billion), and BBNI (IDR 151.9 billion). The largest outflows were posted by ANTM (IDR 271.9 billion), BBRI (IDR 183.1 billion), and BRPT (IDR 175.2 billion). Top leading movers were TLKM, DSSA, and IMPC, while top lagging movers included BBRI, BRPT, and BRMS.
This morning, both Kospi (-3.94%) and Nikkei (-1.86%) opened lower. We expect the JCI to decline today amid negative sentiment from both regional and global markets.
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