The US markets closed mostly lower on Wednesday (Feb 4): Dow +0.53%, S&P 500 -0.51%, and Nasdaq -1.51%. Major US equity indices closed mostly lower on busy earnings Wednesday, as weakness in technology shares dragged the Nasdaq and S&P 500 down for a second consecutive session. The 10-year US Treasury yield went down -0.30% (-0.013bps) to 4.278%, while the USD Index increased +0.28% to 97.63. Commodity markets closed higher on Wednesday (Feb 4): WTI crude +0.63% to USD 64.35/bbl, Brent crude +0.82% to USD 68.60/bbl, coal +1.22% to USD 116.10/ton, CPO +0.21% to MYR 4,222/ton, and gold +0.26% to USD 4,966oz. Asian markets closed mostly higher on Wednesday (Feb 4): Kospi +1.57%, Hang Seng +0.05%, Nikkei -0.78%, and Shanghai +0.85%. The JCI went up +0.30% to 8,146.7 with foreign net sell of IDR 1,434.7 billion; IDR -1,417.9 billion in the regular market, and IDR -16.8 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BUMI (IDR 571.9 billion), followed by ANTM (IDR 193.7 billion), and ASII (IDR 146.5 billion). The largest foreign inflow in the regular market was recorded by BBRI (IDR 394.7 billion), followed by BBCA (IDR 380.5 billion), and BMRI (IDR 307.9 billion). Top leading movers are AMMN, BBCA, BMRI, while top lagging movers are TLKM, FILM, MORA. This morning, KOSPI opened lower by -1.75%, while the Nikkei opened higher by -0.28%. Today, we expect JCI to trade sideways amid mixed sentiment from regional and domestic markets.