The US markets closed mostly lower on Wednesday (Jan 7): Dow -0.94%, S&P 500 -0.34%, and Nasdaq +0.16%. Wall Street closed mostly lower on Wednesday as traders and investors struggled to find clear direction while assessing the latest labor data. The 10-year U.S. Treasury yield went down -0.58% (-0.024 bps) to 4.151%, while the USD Index increased +0.13% to 98.7.
Commodity markets closed mostly lower on Wednesday (Jan 7): WTI crude -1.21% to USD 56.30/bbl, Brent crude -0.40% to USD 60.30/bbl, coal -0.33% to USD 106.90/ton, CPO +1.08% to MYR 4,035/ton, and gold -0.91% to USD 4,455/oz.
Asian markets closed mixed on Wednesday (Jan 7): Kospi +0.57%, Hang Seng -0.94%, Nikkei -1.06%, and Shanghai +0.05%. The JCI edged up +0.13% to 8,945 with foreign overall net buy of IDR 200.8 billion; IDR 229.4 billion in the regular market, and IDR -28.6 billion in the negotiated market. The largest foreign inflow in the regular market was recorded by ANTM (IDR 614.1 billion), followed by BBRI (IDR 247.8 billion), and INCO (IDR 195.7 billion). The largest foreign outflow in the regular market was recorded by BMRI (IDR 594 billion), followed by BUMI (IDR 385.1 billion), and AMMN (IDR 253.6 billion). Top leading movers are DSSA, ANTM, AMMN, while top lagging movers are BRMS, COIN, BRPT.
This morning, the KOSPI is trading lower at -0.08%, while the Nikkei opened low -0.77%. We anticipate the JCI to decline today, supported by negative sentiment from regional market.
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