The US markets closed mixed on Wednesday (Jan 28): Dow +0.02%, S&P 500 -0.01%, and Nasdaq +0.17%. The S&P 500 reached a milestone, briefly hitting 7,000 level for the first time before pulling back after the Federal Reserve left interest rates unchanged. The 10-year U.S. Treasury yield went down -0.12% (-0.005bps) to 4.246%, while the USD Index decreased -1.82% to 95.78.
Commodity markets closed higher on Wednesday (Jan 28): WTI crude +1.71% to USD 63.52/bbl, Brent crude +1.66% to USD 68.67/bbl, coal +0.46% to USD 109.50/ton, CPO +0.33% to MYR 4,272/ton, and gold +3.75% to USD 5,384/oz.
Asian markets closed mostly higher on Wednesday (Jan 28): Kospi +1.69%, Hang Seng +2.58%, Nikkei +0.05%, and Shanghai +0.27%. The JCI went down -7.35% to 8,320.6 with foreign net sell of IDR 6,173.3 billion; IDR -6,125.1 billion in the regular market, and IDR -48.2 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBCA (IDR 4,142.5 billion), followed by BMRI (IDR 1,276.9 billion), and BBRI (IDR 1,131.7 billion). The largest foreign inflow in the regular market was recorded by MDKA (IDR 204.0 billion), followed by ADRO (IDR 183.4 billion), and AMMN (IDR 176.7 billion). Top leading movers are BOGA, INDF, STAR, while top lagging movers are DSSA, TLKM, BBCA.
This morning, both KOSPI (+1.75%) and Nikkei (+0.65%) are trading higher. Today, we expect the JCI to continue declining, weighed by negative sentiment following yesterday’s MSCI announcement.
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