US stock markets closed mostly lower on Tuesday (9 Dec): Dow -0.38%, S&P 500 -0.09%, and Nasdaq +0.13%. The S&P 500 closed nearly flat on Tuesday as the market awaited the Federal Reserve's interest rate decision, while JPMorgan pressured the Dow's performance. The 10-year U.S. Treasury yield rose +0.58% (+2.4bps) to 4.19%, while the USD Index went up +0.13% to 99.23.
Commodity markets closed mixed on Tuesday (9 Dec): WTI crude -0.84% to USD 58.38/barrel, Brent crude -0.88% to USD 61.9/barrel, coal -0.55% to USD 109.3/ton, CPO +0.32% to MYR 4,106, and gold +0.42% to USD 4,208.2/oz.
Asian markets closed mostly lower on Tuesday (9 Dec): Nikkei +0.14%, Hang Seng -1.29%, and Shanghai -0.37%. JCI fell -0.61% to 8,667.18 with foreign net sell of IDR 226.7 billion; net buy of IDR 68.5 billion in the regular market, and net sell of IDR 295.2 billion in the negotiated market. The highest foreign net sells in the regular market were recorded by BBCA (IDR 347.1 billion), RAJA (IDR 112.7 billion), and TINS (IDR 80.5 billion). The highest foreign net buys in the regular market were recorded by DEWA (IDR 323.4 billion), WIFI (IDR 301.2 billion), and BUMI (IDR 265.4 billion). Top leading movers: MORA, BRPT, BUMI, while top lagging movers: BBCA, TLKM, ASII.
This morning, both Kospi (+0.30%) and Nikkei (+0.83%) opened higher. We expect JCI to move upward today, supported by positive sentiment from regional markets.
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