The U.S. market closed lower on Wednesday (Jun 17): Dow -0.98%, S&P 500 -1.21%, and Nasdaq -1.34%. Yesterday, Wall Street closed lower as investors bet that the Federal Reserve’s next move would be a rate hike. The U.S. 10-year Treasury yield increased 4.75bps to 4.487%, while the U.S. Dollar Index gained 0.55% to 100.09.
Commodity markets also closed mixed on Wednesday (Jun 17): WTI crude rose 0.97% to USD 76.79/bbl, Brent crude increased 0.75% to USD 79.55/bbl, coal declined 0.11% to USD 135.35/ton, CPO went up 0.00% to MYR 4,574/ton, and gold decreased 1.71% to USD 4,257/oz.
Asian markets closed mostly higher on Wednesday (Jun 17): Hang Seng fell 0.74%, Nikkei jumped 0.72%, and Shanghai gained 0.40%. The JCI fell 0.55% to 6,220.74, with foreign net buy of IDR 2,507.6 billion, consisting of IDR 328.7 billion net sell in the regular market and IDR 2,836.3 billion net buy in the negotiated market. The largest foreign net sells in the regular market were recorded in TPIA (IDR 358.0 billion), BRMS (IDR 103.4 billion), and DSSA (IDR 100.9 billion), while the largest foreign net buys were seen in BBRI (IDR 456.0 billion), BBCA (IDR 375.2 billion), and MAPI (IDR 67.5 billion). Top leading movers were BBRI, MORA, and TLKM, while top lagging movers were BREN, BRPT, and IMPC.
This morning, both KOSPI (+0.68%) and Nikkei (+1.89%) opened higher. Today, we anticipate that the JCI will move higher on positive sentiment from the strong opening in regional markets.
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