US stocks closed lower on Friday (6/16); Dow Jones -0.32%, S&P 500 -0.37%, and Nasdaq -0.68%. Despite the contraction on Friday, Wall Street still closed out a huge week that saw both S&P 500 and Nasdaq hit their highest levels since April 2022. The UST 10Y yield rose +1.26% (+4bps) to 3.767%, and the USD index rose +0.13% to 102.24.
Commodity market closed mixed on Friday (6/16); WTI oil +1.76% to USD 71.78/bbl, Brent +1.24% to USD 76.6/bbl, coal -4.76% to USD 133.05/ton, nickel -0.14% to USD 22,944, and CPO +6.73% to MYR 3,742 level. Gold +0.06% USD 1.971/toz.
Asian markets closed mostly higher on Friday: Kospi +0.66%, Nikkei +0.66%, Hang Seng +1.07%, and Shanghai +0.64%. JCI ended the session at 6,698.6 (-0.23%), with foreign investors recording an overall net sell of IDR 880.4 billion. The largest foreign outflow in the regular market was recorded by TLKM (IDR 261.5 billion), BBCA (IDR 208.2 billion), and BBRI (IDR 89.2 billion). The largest foreign inflow in the regular market was recorded by ISAT (IDR 132.5 billion), GOTO (IDR 87.9 billion), and BUKA (IDR 27.4 billion). The top leading movers were EMTK, BBRI, and BMRI, while the top lagging movers were BYAN, TLKM, and AMRT.
Nikkei fell -0.35% this morning, and KOSPI fell -0.51%. We expect the JCI to decline today, given negative sentiments from global and regional markets.
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