The U.S. market closed higher on Wednesday (Jul 15): Dow +0.29%, S&P 500 +0.38%, and Nasdaq +0.62%. Yesterday, Wall Street closed higher on the back of softening inflation data and strong start to the second-quarter corporate earnings season. The U.S. 10-year Treasury yield declined 4.21bps to 4.547%, while the U.S. Dollar Index slipped 0.43% to 100.49.
Commodity markets also closed mostly higher on Wednesday (Jul 15): WTI crude rose 0.33% to USD 79.60/bbl, Brent crude increased 0.26% to USD 84.95/bbl, coal declined 0.11% to USD 130.50/ton, CPO slid 0.09% to MYR 4,569/ton, and gold climbed 0.19% to USD 4,061/oz.
Asian markets closed mostly higher on Wednesday (Jul 15): Hang Seng rose 1.40%, Nikkei jumped 1.49%, and Shanghai fell 0.29%. The JCI climbed 0.04% to 6,041.97, with foreign net sell of IDR 153.0 billion, consisting of IDR 160.4 billion net sell in the regular market and IDR 7.4 billion net buy in the negotiated market. The largest foreign net sells in the regular market were recorded in TLKM (IDR 112.8 billion), BRMS (IDR 93.2 billion), and ASII (IDR 71.7 billion), while the largest foreign net buys were seen in BMRI (IDR 184.1 billion), ANTM (IDR 131.9 billion), and BBRI (IDR 79.3 billion). Top leading movers were BBRI, AMMN, and BMRI, while top lagging movers were CASA, TLKM, and BRMS.
This morning, both KOSPI (-6.35%) and Nikkei (-2.99%) opened lower. Today, we expect the JCI to decline today, weighed down by weak opening momentum from regional markets.
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