US markets closed lower on Tuesday (7 Oct): Dow -0.20%, S&P 500 -0.38%, Nasdaq -0.67%. The decline was driven by concerns over the prolonged US government shutdown disrupting economic data releases, shrinking corporate profit margins (particularly Oracle), and profit-taking following a strong rally fueled by optimism in AI innovation. The 10Y UST yield fell -0.70% (-0.029bps) to 4.134%, while the USD Index rose +0.48% to 98.6.

 

Commodity markets closed mixed on Tuesday (7 Oct): WTI crude +0.06% to USD 61.7/bbl, Brent crude -0.03% to USD 65.5/bbl, coal -0.70% to USD 106.40/ton, CPO +0.74% to MYR 4,470, and gold +0.60% to USD 3,984.9/oz.

 

Asian markets closed relatively flat on Tuesday (7 Oct): Kospi was closed, Hang Seng was closed, Nikkei +0.01%, and Shanghai was closed. The JCI strengthened +0.36% to 8,169.3, with foreign investors recording total net sell of IDR 89.3 billion. In regular market, foreigners booked net sell of IDR 65 billion, while in negotiated market, they recorded net sell of IDR 24.3 billion. The largest foreign net sells in the regular market were BBRI (IDR 167.2 billion), EMTK (IDR 114.1 billion), and BMRI (IDR 99.6 billion), while the top net buys were CUAN (IDR 275.2 billion), WIFI (IDR 170.8 billion), and BRPT (IDR 97.5 billion). Top leading movers were CUAN, BRPT, and BBRI, while top lagging movers were BRMS, FILM, and DCII.

 

This morning, the Kospi remains closed while the Nikkei opened higher (+0.22%). We expect the JCI to move up today amid positive sentiment from regional markets and domestic euphoria.