US stocks closed higher on Wednesday (9/4): Dow +7.87%, S&P 500 +9.52%, Nasdaq +12.16%. U.S. stocks rallied after President Trump announced a 90-day pause on tariffs for most countries. The UST 10Y yield rose +2.83% (+0.119 bps) to 4.328%, and USD Index increased +0.02% to 102.9.

 

Commodity market closed mostly higher on Wednesday (9/4); WTI oil +7.39% to USD 62.35/bbl, Brent oil +4.23% to USD 65.48/bbl, coal -1.53% to USD 96.50/ton, CPO -0.98% to MYR 4,146, and gold +3.25% to USD 3,081/oz.

 

Asian stock exchanges closed mixed on Wednesday (9/4): Kospi -1.74%, Hang Seng +0.68%, Nikkei -3.93% and Shanghai +1.31%. JCI fell to 5,967.9 (-0.46%), with net foreign sell of IDR 1,099.4 billion; IDR -1,045.8 billion in the regular market, and IDR -53.6 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBRI (IDR 605.2 billion), followed by BMRI (IDR 407.9 billion), and BBNI (IDR 92.8 billion). The largest foreign inflow in the regular market was recorded by ANTM (IDR 83.4 billion), followed by TLKM (IDR 80 billion), and BBCA (IDR 69.3 billion). The top leading movers were BBCA, ASII, and DCII, while the top lagging movers were BREN, TPIA, and GOTO.

 

Kospi opened higher (+4.53%) this morning, as did Nikkei (+9.47%). We expect the JCI to move up today, supported by positive sentiments from global and regional markets.