The U.S. market closed lower on Tuesday (Jul 07): Dow -0.25%, S&P 500 -0.45%, and Nasdaq -1.16%. Yesterday, Wall Street closed lower as renewed selling in semiconductor stocks, coupled with higher oil prices, weighed on investor sentiment. The U.S. 10-year Treasury yield increased 8.18bps to 4.551%, while the U.S. Dollar Index gained 0.17% to 101.02.
Commodity markets also closed mostly lower on Tuesday (Jul 07): WTI crude rose 2.76% to USD 70.44/bbl, Brent crude increased 3.01% to USD 74.16/bbl, coal declined 0.23% to USD 127.95/ton, CPO slid 0.07% to MYR 4,547/ton, and gold decreased 1.42% to USD 4,106/oz.
Asian markets closed lower on Tuesday (Jul 07): Hang Seng fell 0.75%, Nikkei fell 2.12%, and Shanghai fell 1.26%. The JCI climbed 1.19% to 5,986.50, with foreign net sell of IDR 176.8 billion, consisting of IDR 205.3 billion net sell in the regular market and IDR 28.5 billion net buy in the negotiated market. The largest foreign net sells in the regular market were recorded in BMRI (IDR 178.5 billion), TPIA (IDR 106.8 billion), and MAPI (IDR 71.5 billion), while the largest foreign net buys were seen in BBCA (IDR 274.7 billion), BBRI (IDR 54.2 billion), and ADRO (IDR 37.8 billion). Top leading movers were BBCA, BBRI, and BBNI, while top lagging movers were BRMS, INDF, and ICBP.
This morning, KOSPI opened lower at -0.12%, while Nikkei opened higher at +0.67%. Today, we expect the JCI to decline due to higher global oil prices.
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