The U.S. market closed lower on Wednesday (Jun 10): Dow -1.87%, S&P 500 -1.62%, and Nasdaq -1.98%. Yesterday, Wall Street closed lower after President Donald Trump said negotiations with Iran were taking “too long” and threatened further action. The U.S. 10-year Treasury yield increased 3.58bps to 4.552%, while the U.S. Dollar Index gained 0.04% to 99.95.
Commodity markets also closed mostly higher on Wednesday (Jun 10): WTI crude rose 2.07% to USD 90.03/bbl, Brent crude increased 1.80% to USD 93.10/bbl, coal gained 0.71% to USD 148.00/ton, CPO went up 0.22% to MYR 4,538/ton, and gold decreased 4.42% to USD 4,072/oz.
Asian markets closed lower on Wednesday (Jun 10): Hang Seng fell 0.64%, Nikkei fell 1.89%, and Shanghai fell 0.42%. The JCI climbed 2.71% to 5,902.38, with foreign net sell of IDR 3,125.3 billion, consisting of IDR 2,934.7 billion net sell in the regular market and IDR 190.6 billion net sell in the negotiated market. The largest foreign net sells in the regular market were recorded in BBRI (IDR 571.3 billion), TPIA (IDR 395.4 billion), and BBNI (IDR 147.1 billion), while the largest foreign net buys were seen in GOTO (IDR 23.8 billion), BREN (IDR 21.5 billion), and INDF (IDR 11.9 billion). Top leading movers were BBCA, TLKM, and BBRI, while top lagging movers were SMMA, EMAS, and AMMN.
This morning, both the KOSPI (-2.82%) and Nikkei (-0.95%) opened lower. Today, we anticipate the JCI to decline amid renewed tensions in the Middle East.
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