The US markets closed lower on Wednesday (Jan 14): Dow -0.09%, S&P 500 -0.53%, and Nasdaq -1.00%. Wall Street fell on Wednesday, led by a drop in the Nasdaq with technology shares declining as investors moved into more defensive areas, while bank stocks extended recent losses following some mixed quarterly results. The 10-year U.S. Treasury yield went down -1.12% (-0.047 bps) to 4.131%, while the USD Index decreased -0.10% to 99.1.

Commodity markets closed mixed on Wednesday (Jan 14): WTI crude -0.84% to USD 60.52/bbl, Brent crude -0.75% to USD 64.88/bbl, coal +1.24% to USD 110.00/ton, CPO -0.49% to MYR 4,043/ton, and gold +0.78% to USD 4,623/oz.

Asian markets closed mostly higher on Wednesday (Jan 14): Kospi +0.65%, Hang Seng +0.56%, Nikkei +1.48%, and Shanghai -0.31%. The JCI edged up +0.94% to 9,032.6 with overall foreign net buy of IDR 1,161.5 billion; IDR 1,098.1 billion in the regular market, and IDR 63.4 billion in the negotiated market. The largest foreign inflow in the regular market was recorded by ARCI (IDR 376.4 billion), followed by INCO (IDR 212.9 billion), and ANTM (IDR 187.9 billion). The largest foreign outflow in the regular market was recorded by BBCA (IDR 224.8 billion), followed by BUMI (IDR 220.5 billion), and BBRI (IDR 91.2 billion). Top leading movers are BREN, DSSA, BRMS, while top lagging movers are DCII, ASII, BBCA.

This morning, the KOSPI is trading higher at +0.27%, while the Nikkei opened low -0.62%. Today, we anticipate the JCI to sideways on the back of mixed sentiment from regional markets.