The U.S. market closed lower on Thursday (Mar 26): Dow -1.01%, S&P 500 -1.74%, and Nasdaq -2.38%. U.S. equities declined as escalating Middle East tensions pushed oil prices higher, raising concerns over inflationary pressure and weighing on risk sentiment. The U.S. 10-year Treasury yield rose 1.84% to 4.412%, while the U.S. Dollar Index strengthened 0.30% to 99.90.
Commodity markets also closed mostly higher on Thursday (Mar 26): WTI crude rose 4.61% to USD 94.48/bbl, Brent crude increased 5.66% to USD 108.01/bbl, coal gained 3.24% to USD 142.00/ton, CPO slid 0.55% to MYR 4,583/ton, and gold decreased 2.88% to USD 4,376/oz.
Asian markets closed lower on Thursday (Mar 26): Hang Seng fell 1.89%, Nikkei fell 0.27%, and Shanghai fell 1.09%. The JCI fell 1.89% to 7,164.09, with foreign overall net sell of IDR 20,711.6 billion; IDR -1,928.2 billion in the regular market, and IDR -18,783.4 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBCA (IDR 555.5 billion), followed by BBRI (IDR 201 billion), and BBNI (IDR 157.1 billion). The largest foreign inflow in the regular market was recorded by AADI (IDR 171.9 billion), followed by INCO (IDR 64.3 billion), and MEDC (IDR 37.3 billion). Top leading movers are MEGA, GIAA, JPFA, while top lagging movers are ASII, TLKM, BMRI.
This morning, both KOSPI (-3.47%) and Nikkei (-1.27%) opened lower. Today, we anticipate the JCI to decline amid negative sentiment across global and regional markets.
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