U.S. markets closed higher on Tuesday (Dec 23): Dow +0.16%, S&P 500 +0.45%, and Nasdaq +0.57%. The S&P 500 rose to a record close as technology stocks—particularly those related to artificial intelligence—continued to lift the market, marking the fourth consecutive session of gains amid a holiday-shortened trading week. The 10-year U.S. Treasury yield increased +0.05% (+0.2 bps) to 4.17%, while the U.S. Dollar Index weakened -0.37% to 97.91.

 

Commodity markets closed higher on Tuesday (Dec 23): WTI crude oil +0.85% to USD 58.48/bbl, Brent crude +0.50% to USD 62.38/bbl, coal +0.33% to USD 105.90/ton, CPO +1.28% to MYR 4,036/ton, while gold rose +0.92% to USD 4,484.47/oz.

 

Asian markets closed mixed on Tuesday (Dec 23): Nikkei +0.02%, Hang Seng -0.11%, and Shanghai +0.07%. The JCI declined -0.71% to 8,584.78, with total foreign net buy of IDR 245.6 billion; consisting of foreign net sell of IDR 852.9 billion in the regular market and foreign net buy of IDR 1,098.5 billion in the negotiated market. The largest foreign net buys in the regular market were recorded by INCO (IDR 101.4 billion), IMPC (IDR 95.9 billion), and ANTM (IDR 74.3 billion). Meanwhile, the largest foreign net sells were recorded by BUMI (IDR 654.4 billion), BBCA (IDR 314.4 billion), and INET (IDR 63.2 billion). Top leading movers were FILM, VKTR, and IMPC, while top lagging movers were DSSA, BBCA, and BRPT.

 

This morning, the KOSPI (+0.33%) and Nikkei (+0.23%) opened higher. We expect the JCI to move higher today, supported by positive sentiment from global, regional, and commodity markets.