U.S. stock markets closed lower on Tuesday (January 20): the Dow Jones fell 1.76%, the S&P 500 dropped 2.06%, and the Nasdaq declined 2.39%. U.S. equities tumbled, with the Dow plunging 870 points and the S&P 500 sliding 2%—its worst performance since October—after President Donald Trump escalated his rhetoric on Greenland by threatening to impose new tariffs on countries opposing the sale of the Danish territory to the United States. The 10-year U.S. Treasury yield rose 0.66% (+0.028) to 4.267%, while the U.S. Dollar Index fell 0.49% to 98.56.

 

Commodity markets mostly closed higher on Tuesday (January 20). WTI crude oil prices increased 1.51% to USD 60.34 per barrel, Brent crude rose 1.53% to USD 64.92 per barrel, coal prices gained 0.76% to USD 112.2 per ton, and CPO prices advanced 0.666% to MYR 4,094 per ton, while gold prices also climbed 1.98% to USD 4,763 per ounce.

 

Asian markets closed lower on Tuesday (January 20). The Hang Seng declined 0.29%, the Nikkei fell 1.11%, and the Shanghai Composite edged down 0.01%. Indonesia’s Composite Index (JCI) inched up 0.01% to 9,134.7, with total foreign net sell of IDR 95.4 billion, comprising a net buy of IDR 6.4 billion in the regular market and a net sell of IDR 101.8 billion in the negotiated market. The largest foreign net sells in the regular market were recorded in BUMI (IDR 762 billion), BBCA (IDR 269.2 billion), and BRPT (IDR 187.4 billion), while the largest foreign net buys were seen in BBRI (IDR 224.5 billion), PTRO (IDR 211.2 billion), and BRMS (IDR 189.4 billion). The top leading movers were BRMS, EMAS, and RISE, while the top lagging movers were DSSA, BBCA, and ASII.

 

This morning, the Kospi index (-0.57%) and the Nikkei (-1.17%) opened lower. Today, we expect the JCI to weaken, pressured by negative sentiment from regional and global markets.