US stocks closed lower on Thursday (21/8): Dow -0.34%, S&P 500 -0.40%, Nasdaq -0.34%. The markets were weighed down by Walmart’s disappointing earnings report and higher-than-expected jobless claims, while investors looked ahead to the Federal Reserve’s Jackson Hole meeting. The 10-year US Treasury yield fell -0.37% to 4.291%, while the USD Index went up +0.43% to 98.6.
Commodity markets were mixed: WTI +0.49% (USD 63.5/bbl), Brent +1.24% (USD 67.7/bbl), coal -0.81% (USD 110.6/ton), CPO -0.84% (MYR 4,460), and gold -0.29% (USD 3,338.7/oz).
Asian markets also closed mixed: Kospi +0.37%, Hang Seng +0.24%, Nikkei +0.65%, and Shanghai +0.13%. JCI fell 0.67% to 7,890.7, despite net foreign buying of IDR 681.4 billion (regular market: +IDR 533.6 billion; negotiated market: +IDR 147.8 billion). The largest net foreign buys were in CUAN (IDR 136.7 billion), BBCA (IDR 130.2 billion), and AMMN (IDR 116.6 billion), while the largest net foreign sells were reported in BRPT (IDR 60.6 billion), ADRO (IDR 59.8 billion), and DEWA (IDR 49.5 billion). Leading movers included AMMN, UNTR, and ASII, while DSSA, BREN, and BMRI were the main laggards.
This morning, regional markets opened mixed: Kospi +1.25%, Nikkei -0.19%. We expect the JCI to decline today, pressured by negative sentiment from global and commodity markets.
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