The U.S. market closed mostly higher on Monday (Jul 27): Dow +0.51%, S&P 500 +0.02%, and Nasdaq -0.32%. U.S. markets ended mixed, with the Dow and S&P 500 higher while the Nasdaq fell on tech and chip weakness, as oil prices and Treasury yields declined. The U.S. 10-year Treasury yield declined 0.61% to 4.649%, while the U.S. Dollar Index gained 0.07% to 101.54.

 

Commodity markets also closed mostly lower on Monday (Jul 27): WTI crude fell 7.50% to USD 82.61/bbl, Brent crude dropped 8.70% to USD 88.36/bbl, coal declined 2.14% to USD 132.50/ton, CPO slid 1.04% to MYR 4,673/ton, and gold climbed 0.58% to USD 4,076/oz.

 

Asian markets closed higher on Monday (Jul 27): Hang Seng rose 0.98%, Nikkei jumped 0.50%, and Shanghai gained 1.15%. The JCI fell 0.17% to 6,185.78, with foreign net sell of IDR 820.2 billion, consisting of IDR 491.7 billion net sell in the regular market and IDR 328.5 billion net sell in the negotiated market. The largest foreign net sells in the regular market were recorded in TPIA (IDR 99.5 billion), EMAS (IDR 88.7 billion), and BULL (IDR 52.2 billion), while the largest foreign net buys were seen in BBCA (IDR 96.1 billion), AADI (IDR 15.2 billion), and RAJA (IDR 14.1 billion). Top leading movers were DCII, CASA, and BMRI, while top lagging movers were TLKM, BREN, and ASII.

 

This morning, both the KOSPI (-7.30%) and the Nikkei (-3.58%) opened lower. Today, we expect the JCI to move higher, supported by positive sentiment in the commodity market and potential fund rotation out of AI-related stocks.