MARKET REVIEW
Wall Street ended little changed Wednesday as escalating Middle East tensions, including Houthi attacks on Saudi tankers in the Red Sea, pushed oil prices sharply higher and offset gains in semiconductor and tech stocks. The S&P 500 slipped 0.14%, the Nasdaq fell 0.57%, and the Dow Jones was roughly flat. In Europe, the FTSE 100 rose 1.24% while the EuroStoxx 50 gained 0.50%.
Brent crude surged 3.36% to settle at USD 94.07/barrel after Houthi militants said they struck two Saudi tankers, opening a new front in the regional conflict and raising fears of deeper supply disruptions. Gold eased to USD 4,123.80/oz, down 0.68%, as the risk-off move favored oil over safe-haven demand.
The JCI closed down 0.09% to 6,334 on Wednesday as Bank Indonesia held its benchmark rate at 5.75%, with the rupiah weakening to around IDR 17,900-17,920/USD. Foreign investors booked net sells of roughly IDR 1.1 trillion on the session.
NEWS HIGHLIGHTS
- ADHI – Posts 1H26 Net Profit of Rp8.49bn
- AISA – Clears Rp2.71tn Deficit via Quasi Reorg
- ASRI – Banks on Mid-to-Upper Housing Segment
- BSDE – Stays Upbeat on Premium Housing Demand
- DCII – Profit Jumps 18.7% in 1H26
- EXCL – Secures 700MHz, 2.6GHz Spectrum
Regards, Aldiracita Research