The U.S. market closed lower on Wednesday (Jul 22): Dow -0.01%, S&P 500 -0.14%, and Nasdaq -0.57%. Wall Street posted losses as escalating Middle East tensions pushed crude oil prices to six-week highs, fueling inflation concerns. The U.S. 10-year Treasury yield increased 0.57% to 4.655%, while the U.S. Dollar Index slipped 0.05% to 101.13.
Commodity markets also closed higher on Wednesday (Jul 22): WTI crude rose 2.26% to USD 86.83/bbl, Brent crude increased 3.36% to USD 94.07/bbl, coal gained 0.78% to USD 135.55/ton, CPO went up 0.26% to MYR 4,622/ton, and gold climbed 1.31% to USD 4,130/oz.
Asian markets closed mostly lower on Wednesday (Jul 22): Hang Seng fell 0.95%, Nikkei fell 0.18%, and Shanghai gained 0.07%. The JCI fell 0.09% to 6,334.48, with foreign net sell of IDR 920.2 billion, consisting of IDR 1,113.2 billion net sell in the regular market and IDR 193.0 billion net buy in the negotiated market. The largest foreign net sells in the regular market were recorded in DSSA (IDR 229.9 billion), BBRI (IDR 141.0 billion), and ASII (IDR 137.2 billion), while the largest foreign net buys were seen in TINS (IDR 55.5 billion), ANTM (IDR 48.9 billion), and BNBR (IDR 44.4 billion). Top leading movers were BREN, CASA, and VKTR, while top lagging movers were BBRI, AMMN, and BMRI.
This morning, both KOSPI (+3.55%) and Nikkei (+0.72%) opened higher. Today, we expect the JCI to trade sideways amid mixed sentiment across global and domestic markets.
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