The U.S. market closed lower on Monday (Jul 20): Dow -0.59%, S&P 500 -0.19%, and Nasdaq -0.05%. U.S. stocks fell mainly due to renewed Middle East tensions and rising oil prices, which revived concerns over inflation and interest rates. The U.S. 10-year Treasury yield increased 0.97% to 4.592%, while the U.S. Dollar Index gained 0.18% to 100.95.
Commodity markets also closed mostly higher on Monday (Jul 20): WTI crude rose 0.90% to USD 83.23/bbl, Brent crude increased 1.27% to USD 89.22/bbl, coal gained 0.30% to USD 133.75/ton, CPO went up 1.00% to MYR 4,643/ton, and gold decreased 0.23% to USD 4,008/oz.
Asian markets closed mostly higher on Monday (Jul 20): Hang Seng rose 2.36% and Shanghai gained 0.85%. The JCI climbed 0.91% to 6,231.78, with foreign net buy of IDR 96.7 billion, consisting of IDR 156.5 billion net buy in the regular market and IDR 59.8 billion net sell in the negotiated market. The largest foreign net sells in the regular market were recorded in BMRI (IDR 238.8 billion), ASII (IDR 172.7 billion), and ANTM (IDR 73.0 billion), while the largest foreign net buys were seen in TPIA (IDR 349.3 billion), BRPT (IDR 97.0 billion), and BBRI (IDR 93.3 billion). Top leading movers were BBRI, BRPT, and TLKM, while top lagging movers were BMRI, BREN, and ASII.
This morning, both KOSPI (+0.18%) and Nikkei (+1.43%) opened higher. Today, we expect the JCI to rise, supported by positive sentiment across regional markets.
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