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US stocks closed lower on Tuesday (3 September): Dow -0.55%, S&P 500 -0.69%, Nasdaq -0.82%. The decline marks the start of September, historically the worst trading month of the year, as Wall Street awaits crucial jobs report that could influence expectations for interest rate cuts. The 10-Year US Treasury yield rose +0.61% (+0.026 bps) to 4.273%, and the USD Index went up +0.64% to 98.4.
Commodity markets closed mostly higher on Tuesday (3 September): WTI oil +1.49% to USD 65.57/bbl, Brent oil +1.45% to USD 69.14/bbl, coal +0.99% to USD 109.7/ton, CPO+ 2.19% to MYR 4,476, and gold +1.64% to USD 3,533/oz.
Asian markets closed mixed on Tuesday (3 September): Kospi rose 0.94%, Hang Seng rose 0.47%, Nikkei rose 0.29%, and Shanghai Composite rose 0.45%. The Jakarta Composite Index (JCI) rose 0.85% to 7,801.6, with net foreign sell of IDR 330.8 billion; IDR 362.7 billion net sell in regular market, and IDR 31.9 billion net buy in negotiated market. The highest foreign outflows in the regular market were recorded by BBCA (IDR 598.6 billion), BMRI (IDR 335.7 billion), and BREN (IDR 86.8 billion). The highest foreign inflows in the regular market were recorded by ANTM (IDR 463.5 billion), BRMS (IDR 329 billion), and ENRG (IDR 50.9 billion). The top leading movers were BRPT, ANTM, and BRMS, while the top lagging movers were BREN, TLKM, and BBRI.
Kospi went up +0.24% this morning, while Nikkei slipped -0.36%. We expect the JCI to decline today, amid political uncertainty and foreign outflows from the Indonesian stock exchange.
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.
