The U.S. market closed higher on Monday (May 11): Dow +0.19%, S&P 500 +0.19%, and Nasdaq +0.10%. US stocks edged higher, with the S&P 500 and Nasdaq hitting fresh records as chip stocks gained and oil prices rose amid renewed US-Iran tensions. The U.S. 10-year Treasury yield increased 1.36% to 4.413%, while the U.S. Dollar Index gained 0.06% to 97.96.
Commodity markets also closed higher on Monday (May 11): WTI crude rose 2.78% to USD 98.07/bbl, Brent crude increased 2.88% to USD 104.21/bbl, coal gained 1.45% to USD 136.40/ton, CPO went up 0.24% to MYR 4,516/ton, and gold climbed 0.44% to USD 4,736/oz.
Asian markets closed mostly higher on Monday (May 11): Hang Seng rose 0.05%, Nikkei fell 0.47%, and Shanghai gained 1.08%. The JCI fell 0.92% to 6,905.62, with foreign net sell of IDR 751.0 billion, consisting of IDR 659.1 billion net sell in the regular market and IDR 91.9 billion net sell in the negotiated market. The largest foreign net sells in the regular market were recorded in BMRI (IDR 334.7 billion), DSSA (IDR 115.8 billion), and BRPT (IDR 89.8 billion), while the largest foreign net buys were seen in MAPI (IDR 83.4 billion), ADRO (IDR 47.8 billion), and INCO (IDR 44.2 billion). Top leading movers were MORA, BYAN, and ASII, while top lagging movers were BMRI, DSSA, and BREN.
This morning, both KOSPI (+1.36%) and NIKKEI (+0.66%) opened higher. Today, we anticipate the JCI to move up amid positive sentiment across regional and global markets.
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