MARKET REVIEW
Wall Street mostly fell as reports of weaker-than-expected OpenAI revenue revived AI profitability doubts and hit chip stocks. The S&P 500 fell 0.47%, the Nasdaq lost 1.25% and the Dow Jones edged up 0.10%. In Europe, the EuroStoxx 50 slipped 0.87% and the FTSE 100 dipped 0.16%.
Brent crude jumped 3.6% overnight on Iranian tanker attacks in Hormuz and US Gulf storm shut-ins, but now trades at USD 103.94/barrel, down 0.33%, after Trump cited productive Iran talks. Gold rose 0.44% to USD 4,132/oz, and palm oil gained 3.20% to MYR 4,448/ton on Indian demand.
The JCI closed down 1.88% to 6,031 yesterday as hawkish FOMC minutes and soaring US yields weighed on big banks, with infrastructure stocks leading losses. The rupiah weakened to IDR 17,898/USD, and foreigners posted net sells of IDR 867 billion. Today, investors will weigh Wall Street’s tech-led losses, firm oil and new BEI listing rules.
NEWS HIGHLIGHTS
- BEI – Tightens IPO Listing Rules
- BEI – Delays Demutualisation EGM
- Automotive Sector – Motorcycle Sales Up 15%
- ELSA – Eyes Iraq Energy Services
- MAHA – Wins IDR 2.2tn Hauling Contract
- MERK – Readies Plant for Exports
- PBSA – Sets 1:2 Stock Split
- UNTR – Plans IDR 2tn 4Q26 Buyback
Regards, Aldiracita Research
