The U.S. market closed lower on Thursday (Feb 19): Dow -0.54%, S&P 500 -0.28%, and Nasdaq -0.31%. The decline came as investors rotated out of financial shares and stayed cautious amid escalating tensions between the U.S. and Iran. The U.S. 10-year Treasury yield declined 0.38% to 4.067%, while the U.S. Dollar Index gained 0.23% to 97.93.

Commodity markets mostly closed higher on Thursday (Feb 19): WTI crude rose +2.14% to USD 66.43/bbl, Brent crude increased +1.86% to USD 71.66/bbl, coal fell -0.49% to USD 121.55/ton, CPO was closed, and gold climbed +0.37% to USD 4,996/oz.

 

Asian markets closed higher on Thursday (Feb 19): Kospi +3.09%, Nikkei +0.57%, while Hang Seng and Shanghai were closed. The JCI fell -0.43% to 8,274.08, with foreign net buy of IDR 387 billion; IDR -246.1 billion in the regular market, and IDR 633.1 billion in the negotiated market. The largest foreign inflow in the regular market was recorded by MBMA (IDR 249.9 billion), followed by ANTM (IDR 172.9 billion), and UNTR (IDR 113.0 billion). The largest foreign outflow in the regular market was recorded by BBCA (IDR 391.1 billion), followed by BMRI (IDR 222.8 billion), and INKP (IDR 146.2 billion). Top leading movers are MBMA, MDKA, AMMN, while top lagging movers are BMRI, DCII, DSSA.

 

This morning, the Nikkei 225 opened down -1.07%, while the KOSPI rose +0.68%. Today, we expect the JCI to move sideways amid mixed sentiment global and regional markets.