Research & Stock Picks

Morning Briefs

18 December 2025

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JCI is Expected to Weaken Today

U.S. markets closed lower on Wednesday (Dec 17): Dow -0.47%, S&P 500 -1.16%, and Nasdaq -1.81%. The US markets fell as traders digested the delayed November jobs report release, which sparked economic concerns. The 10-year U.S. Treasury yield went up +0.17% (+0.007 bps) to 4.152%, while the USD Index rose +0.25% to 98.4.

Commodity markets closed higher on Wednesday (Dec 17): WTI crude +2.57% to USD 56.79/bbl, Brent crude +2.87% to USD 60.53/bbl, coal +1.15% to USD 96.75/ton, CPO +0.10% to MYR 3,965/ton, and gold +0.85% to USD 4,339/oz.

Asian markets closed mostly higher on Wednesday (Dec 17): Kospi +1.43%, Hang Seng +0.92%, Nikkei +0.26%, and Shanghai +1.19%. The JCI declined -0.11% to 8,677.4, with overall foreign net buy of IDR 236.2 billion; IDR -885.9 billion in the regular market, and IDR 1,122.1 billion in the negotiated market. The largest foreign inflow in the regular market was recorded by ANTM (IDR 111.9 billion), followed by EXCL (IDR 51.5 billion), and BMRI (IDR 50.8 billion). The largest foreign outflow in the regular market was recorded by BUMI (IDR 381.7 billion), followed by BBCA (IDR 226 billion), and DEWA (IDR 199.6 billion). Top leading movers are BBRI, MORA, SMMA, while top lagging movers are FILM, BRPT, EMTK.

This morning, the KOSPI is trading lower at -0.71%, while the Nikkei opened down -0.75%. We expect the JCI to decline today amid negative sentiment regional markets and unchanged BI rate.

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RSH-251218 - English
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