US stocks closed lower on Tuesday (15/7); Dow -0.98%, S&P 500 -0.40%, and Nasdaq +0.18%. Dow and S&P 500 lost some points as concerns regarding inflation and a mixed bag of big bank earnings loomed over the market, while Nasdaq got some boost from Nvidia. The US Treasury 10Y yield rose +1.40% (+0.062 bps) to 4.491%, and the USD Index went up +0.55% to 98.6.
Commodity market closed lower on Tuesday (15/7); WTI oil -0.21% to USD 66.79/bbl, Brent -0.72% to USD 68.71/bbl, coal -1.67% to USD 112.0/ton, CPO -1.99% to MYR 4,146, and gold -0.57% to USD 3,325/oz.
Asian stocks closed mostly higher on Tuesday (15/7); Kospi +0.53%, Hang Seng +1.60%, Nikkei +0.55%, and Shanghai -0.42%. JCI rose +0.61% to 7,140.5, with net foreign sell of IDR 327.6 billion; IDR -319 billion in the regular market and IDR 8.6 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BMRI (IDR 275.9 billion), followed by CUAN (IDR 160.2 billion), and BREN (IDR 139.8 billion). The largest foreign inflow in the regular market was recorded by BBRI (IDR 195.4 billion), followed by WIFI (IDR 159.5 billion), and INDF (IDR 102.1 billion). The top leading movers were BREN, BBRI, and DSSA, while the top lagging movers were AMMN, TPIA, and TLKM.
This morning, both Kospi (-0.81%) and Nikkei (-0.33%) opened lower. Despite negative sentiment from global and regional markets, we expect the JCI to move up today, supported by Trump’s announcement that Indonesia’s tariff rate will be reduced from 32% to 19%.
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