The U.S. market closed lower on Thursday (May 07): Dow -0.63%, S&P 500 -0.38%, and Nasdaq -0.13%. U.S. markets fell as renewed U.S.–Iran geopolitical tensions and volatile oil prices heightened investor caution, leading to a retreat from recent highs. The U.S. 10-year Treasury yield increased 0.86% to 4.386%, while the U.S. Dollar Index gained 0.04% to 98.07.
Commodity markets also closed mostly lower on Thursday (May 07): WTI crude fell 0.28% to USD 94.81/bbl, Brent crude dropped 1.19% to USD 100.06/bbl, coal gained 0.30% to USD 135.20/ton, CPO slid 0.83% to MYR 4,541/ton, and gold decreased 0.12% to USD 4,686/oz.
Asian markets closed higher on Thursday (May 07): Hang Seng rose 1.57%, Nikkei jumped 5.58%, and Shanghai gained 0.48%. The JCI climbed 1.15% to 7,174.32, with foreign net sell of IDR 76.5 billion; IDR -360.4 billion in the regular market, and IDR 283.9 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BMRI (IDR 315.6 billion), followed by BRPT (IDR 128.2 billion), and PTRO (IDR 97.7 billion). The largest foreign inflow in the regular market was recorded by BBRI (IDR 334.7 billion), followed by TINS (IDR 77 billion), and GOTO (IDR 68 billion). Top leading movers are BBCA, BBRI, MORA, while top lagging movers are TPIA, AMMN, BRPT.
This morning, both KOSPI (-2.09%) and NIKKEI (-0.73%) opened lower. Today, we anticipate the JCI to decline amid negative sentiment across regional and global markets.
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