The U.S. market closed lower on Thursday (Jul 16): Dow -0.20%, S&P 500 -0.51%, and Nasdaq -1.47%. The decline was driven by a sharp sell-off in semiconductor and other AI-related stocks, while renewed U.S.–Iran tensions further weighed on investor sentiment. The U.S. 10-year Treasury yield increased 0.6 bps to 4.553%, while the U.S. Dollar Index gained 0.28% to 100.76.
Commodity markets also closed mostly lower on Thursday (Jul 16): WTI crude fell 0.82% to USD 78.95/bbl, Brent crude dropped 0.85% to USD 84.23/bbl, coal gained 1.15% to USD 132.00/ton, CPO went up 0.11% to MYR 4,606/ton, and gold decreased 2.07% to USD 3,977/oz.
Asian markets closed mostly lower on Thursday (Jul 16): Hang Seng rose 1.33%, Nikkei fell 2.79%, and Shanghai fell 1.85%. The JCI climbed 1.10% to 6,108.21, with net buy of IDR 1,224.3 billion; IDR 283.4 billion in the regular market, and IDR 940.9 billion in the negotiated market. The largest foreign inflow in the regular market was recorded by BBCA (IDR 186.7 billion), followed by BMRI (IDR 180.1 billion), and ANTM (IDR 59.2 billion). The largest foreign outflow in the regular market was recorded by ASII (IDR 122.5 billion), followed by RANS (IDR 53.9 billion), and BUMI (IDR 49.9 billion). Top leading movers are ASII, BMRI, BBCA, while top lagging movers are UNTR, VKTR, AMRT.
This morning, the KOSPI was closed, while the Nikkei opened 2.99% lower. Today, we expect the JCI to decline amid negative sentiment across global and regional markets.
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