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US markets closed lower on Thursday (16 Oct): Dow -0.65%, S&P 500 -0.63%, and Nasdaq -0.47%. The U.S. market dropped mainly due to growing concerns over rising loan losses at regional banks, which raised fears about credit quality, along with the ongoing U.S.-China trade tensions. The 10Y UST yield fell -1.51% (-0.061bps) to 3.978%, while the USD Index weakened -0.38% to 98.3.
Commodity markets closed mixed on Thursday (16 Oct): WTI crude -1.89% to USD 57.54/bbl, Brent crude -1.37% to USD 61.1/bbl, coal +0.37% to USD 108.4/ton, CPO +0.18 to MYR 4,520.0, and gold +2.83% to USD 4,326.6/oz.
Asian markets closed mostly higher on Thursday (16 Oct): Kospi +2.49%, Hang Seng -0.09%, Nikkei +1.27%, and Shanghai +0.10%. The JCI rose +0.91% to 8,124.8, with total foreign net sell of IDR 620.8 billion; IDR -587.3 billion in the regular market, and IDR -33.5 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBCA (IDR 248.2 billion), followed by RAJA (IDR 167.2 billion), and CDIA (IDR 132.5 billion). The largest foreign inflow in the regular market was recorded by AMMN (IDR 130.2 billion), followed by EMAS (IDR 54.6 billion), and ANTM (IDR 45.4 billion). Top leading movers are AMMN, DSSA, BREN, while top lagging movers are TLKM, MLPT, CUAN.
This morning, both Kospi (-0.32%) and Nikkei (-0.87%) opened lower. We expect the JCI to decline today amid negative sentiment from global and regional markets.
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.
