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The U.S. market closed lower on Thursday (Jul 23): Dow -0.97%, S&P 500 -1.21%, and Nasdaq -2.15%. The decline was driven by a tech selloff on AI spending concerns, while surging oil prices from renewed U.S.-Iran tensions fueled inflation and rate-hike fears. The U.S. 10-year Treasury yield increased 3.8 bps to 4.693%, while the U.S. Dollar Index gained 0.32% to 101.44.
Commodity markets also closed mostly higher on Thursday (Jul 23): WTI crude rose 6.17% to USD 92.19/bbl, Brent crude increased 7.04% to USD 100.69/bbl, coal declined 0.77% to USD 134.50/ton, CPO went up 1.90% to MYR 4,710/ton, and gold decreased 1.96% to USD 4,049/oz.
Asian markets closed higher on Thursday (Jul 23): Hang Seng rose 1.28%, Nikkei jumped 0.46%, and Shanghai gained 0.25%. The JCI fell 0.30% to 6,315.31, with foreign net sell of IDR 1,223.6 billion; IDR -712.2 billion in the regular market, and IDR -511.4 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBCA (IDR 484.3 billion), followed by TPIA (IDR 367.8 billion), and ASII (IDR 130.2 billion). The largest foreign inflow in the regular market was recorded by CUAN (IDR 95.7 billion), followed by PTRO (IDR 90.4 billion), and AMMN (IDR 78.1 billion). Top leading movers are MPRO, BUMI, AMMN, while top lagging movers are BBCA, ASII, TLKM.
This morning, both KOSPI (-1.76%) and Nikkei (-1.30%) opened lower. Today, we expect the JCI to decline amid renewed US-Iran tensions and broader risk-off sentiment.
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
