The U.S. market closed higher on Wednesday (Apr 22): Dow +0.69%, S&P 500 +1.05%, and Nasdaq +1.64%. Yesterday, Wall Street closed higher after President Donald Trump extended the U.S. ceasefire with Iran. The U.S. 10-year Treasury yield increased 0.25% to 4.303%, while the U.S. Dollar Index gained 0.20% to 98.59.

Commodity markets also closed higher on Wednesday (Apr 22): WTI crude rose 0.90% to USD 92.96/bbl, Brent crude increased 3.48% to USD 101.91/bbl, coal gained 3.23% to USD 127.75/ton, CPO went up 1.29% to MYR 4,628/ton, and gold climbed 0.42% to USD 4,740/oz.

Asian markets closed mostly higher on Wednesday (Apr 22): Hang Seng fell 1.22%, Nikkei jumped 0.40%, and Shanghai gained 0.52%. The JCI fell 0.24% to 7,541.61, with foreign net sell of IDR 827.5 billion, consisting of IDR 1,040.0 billion net sell in the regular market and IDR 212.5 billion net buy in the negotiated market. The largest foreign net sells in the regular market were recorded in BBRI (IDR 404.8 billion), BMRI (IDR 142.3 billion), and BBCA (IDR 128.9 billion), while the largest foreign net buys were seen in BBNI (IDR 112.1 billion), ENRG (IDR 93.2 billion), and ANTM (IDR 77.3 billion). Top leading movers were ASII, MORA, and BMRI, while top lagging movers were DSSA, BREN, and AMMN.

This morning, both KOSPI (+1.97%) and Nikkei (+0.57%) opened higher. Today, we anticipate the JCI to move up on the back of positive sentiment across regional and global markets.