The U.S. market closed lower on Tuesday (May 19): Dow -0.65%, S&P 500 -0.67%, and Nasdaq -0.84%. Stocks fell as technology shares led by Micron pressured the Nasdaq, while investors faced rising Treasury yields, higher oil prices, and ongoing uncertainty in the Middle East. The U.S. 10-year Treasury yield increased 1.72% to 4.666%, while the U.S. Dollar Index gained 0.14% to 99.33.
Commodity markets also closed mostly lower on Tuesday (May 19): WTI crude fell 0.82% to USD 107.77/bbl, Brent crude dropped 0.73% to USD 111.28/bbl, coal gained 1.01% to USD 139.40/ton, CPO went up 1.12% to MYR 4,585/ton, and gold decreased 1.84% to USD 4,483/oz.
Asian markets closed mostly higher on Tuesday (May 19): Hang Seng rose 0.48%, Nikkei fell 0.44%, and Shanghai gained 0.92%. The JCI fell 3.46% to 6,370.68, with foreign net buy of IDR 261.2 billion; IDR 307.4 billion in the regular market, and IDR -46.2 billion in the negotiated market. The largest foreign inflow in the regular market was recorded by MDKA (IDR 340.7 billion), followed by ADRO (IDR 207.4 billion), and MBMA (IDR 99.9 billion). The largest foreign outflow in the regular market was recorded by BBCA (IDR 306.1 billion), followed by BREN (IDR 115 billion), and BBRI (IDR 99.5 billion). Top leading movers are SRAJ, AMRT, BRIS, while top lagging movers are BBCA, DSSA, MORA.
This morning, both the KOSPI (-0.74%) the Nikkei (-1.89%) opened lower. Today, we expect the JCI to decline amid negative sentiment from global and regional markets.
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