U.S. markets closed lower on Friday (Jan 30): Dow -0.36%, S&P 500 -0.43%, and Nasdaq -0.94%. The S&P 500 fell 0.43% to 6,939.03 for the third consecutive day as speculative silver trading unwound, the Dow Jones slipped 179 points (0.36%) to 48,892.47, and the Nasdaq Composite underperformed; however, overall markets still ended the month in positive territory. The U.S. 10-year Treasury yield rose +0.14% (+0.006) to 4.241%, while the U.S. Dollar Index increased +0.08% to 96.99.
Commodity markets mostly closed lower on Friday (Jan 30): WTI crude -0.11% to USD 65.21/bbl, Brent crude -0.03% to USD 70.69/bbl, coal +5.15% to USD 117.50/ton, CPO -2.04% to MYR 4,229/ton, and gold -8.95% to USD 4,894/oz.
Asian markets mostly closed lower on Friday (Jan 30): Hang Seng -2.08%, Nikkei -0.10%, and Shanghai -0.96%. The IHSG fell 1.18% to 8,329.6 with foreign net selling of IDR 1,529.8 billion; consisting of net sell of IDR 1,868.1 billion in the regular market and net buy of IDR 338.3 billion in the negotiated market. The largest foreign net sells in the regular market were TLKM (IDR 277.4 billion), PTRO (IDR 182.1 billion), and BUMI (IDR 179.1 billion). The largest foreign net buys in the regular market were BBRI (IDR 177.6 billion), ANTM (IDR 124.5 billion), and BREN (IDR 91.1 billion). Top leading movers were BBCA, DSSA, and TLKM, while top lagging movers were MORA, VKTR, and IMPC.
This morning, KOSPI opened lower (-1.05%) while Nikkei opened higher (+1.48%). Today, we expect the IHSG to move sideways, driven by negative sentiment from global and regional markets and positive sentiment from government support.
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