U.S. stocks closed slightly lower on Tuesday (Dec 16): Dow -0.62%, S&P 500 -0.24%, and Nasdaq +0.23%. The S&P 500 declined for a third consecutive session as investors digested the delayed release of the November jobs report. The 10-year U.S. Treasury yield fell -0.69% (-2.9 bps) to 4.15%, while the U.S. Dollar Index slipped -0.15% to 98.15.

 

Commodity markets closed mostly lower on Tuesday (Dec 16): WTI crude oil dropped -2.56% to USD 55.2/bbl, Brent crude fell -2.71% to USD 58.9/bbl, coal prices declined -0.56% to USD 106.0/ton, CPO corrected -1.27% to MYR 3,962/ton, while gold edged slightly lower -0.06% to USD 4,302.3/oz.

 

Asian markets closed lower on Tuesday (Dec 16): Nikkei -1.56%, Hang Seng -1.54%, and Shanghai -1.11%. The JCI weakened -0.43% to 8,686.47, with total foreign net sell of IDR 934.6 billion, consisting of net foreign sell of IDR 90.8 billion in the regular market and net foreign buy of IDR 848.3 billion in the negotiated market. The largest foreign net sells in the regular market were recorded by BBRI (IDR 264.6 billion), BBCA (IDR 244.7 billion), and GOTO (IDR 106.4 billion). Meanwhile, the biggest foreign net buys in the regular market were posted by EMTK (IDR 140.2 billion), TLKM (IDR 74.6 billion), and EXCL (IDR 74.1 billion). Top leading movers were DSSA, BREN, and GOTO, while top lagging movers were BBCA, BBRI, and FILM.

 

This morning, Kospi (+0.46%) and Nikkei (+0.02%) opened higher. We expect the JCI to weaken today amid negative sentiment from global and commodity markets.