The U.S. market closed higher on Thursday (Apr 30): Dow +1.04%, S&P 500 +0.98%, and Nasdaq +0.93%. Dow fell over 250 points, marking a fifth straight loss, as rising oil prices and steady Fed rates weighed on sentiment while investors awaited key tech earnings. The U.S. 10-year Treasury yield increased 0.58% to 4.371%, while the U.S. Dollar Index slipped 0.59% to 98.06.
Commodity markets also closed higher on Thursday (Apr 30): WTI crude rose 5.14% to USD 105.07/bbl, Brent crude increased 2.47% to USD 114.01/bbl, coal gained 2.10% to USD 134.00/ton, CPO went up 0.07% to MYR 4,570/ton, and gold climbed 0.46% to USD 4,618/oz.
Asian markets closed mostly higher on Thursday (Apr 30): Hang Seng rose 0.38%, Nikkei fell 1.27%, and Shanghai gained 0.82%. The JCI fell 2.03% to 6,956.80, with foreign net sell of IDR 1,486.3 billion, consisting of IDR 1,652.3 billion net sell in the regular market and IDR 166.0 billion net buy in the negotiated market. The largest foreign net sells in the regular market were recorded in BBCA (IDR 690.9 billion), BBRI (IDR 598.2 billion), and BMRI (IDR 191.8 billion), while the largest foreign net buys were seen in ADRO (IDR 107.8 billion), BRPT (IDR 78.1 billion), and BBNI (IDR 57.2 billion). Top leading movers were SMMA, BUMI, and ADRO, while top lagging movers were BBRI, BBCA, and BREN.
This morning, both the KOSPI (+2.53%) and Nikkei (+0.38%) opened higher. Today, we expect the JCI to move up, supported by positive sentiment from regional markets.
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