MARKET REVIEW
JCI opened 0.78% higher at 6,513, tracking regional gains as easing Middle East tensions and lower long-term bond yields improved risk appetite. The rebound faded as the BOJ’s 25bps hike to 1.25%, following the Fed’s hike, reinforced tighter global monetary conditions. Pressure intensified as foreign investors booked IDR 1.14tn of first-session net sales, concentrated in major banks, pulling JCI down 0.33% to 6,441.
Asian equities mostly advanced. KOSPI gained 2.66%, Shenzhen rose 1.67%, Nikkei 225 climbed 1.38%, and Hang Seng added 0.60%. Japanese shares were supported by a weaker yen even after the BOJ raised its policy rate to 1.25%, while Chinese assets benefited as the yuan reached a four-year high.
European markets opened mixed: STOXX 600 edged up 0.07%, while FTSE 100 was flat and CAC 40 and DAX 40 fell 0.41% and 0.47%. Investors weighed tighter global monetary conditions against lower Brent crude at USD 104.82/barrel.
NEWS HIGHLIGHTS
- Global – BOJ Raises Rate to 1.25%
- Global – Japan Inflation Slows in August
- APBN – August Deficit Reaches IDR 240.1tn
- Domestic – Solar Decree Nears Finalization
- Currency – Yuan Hits Four-Year High
- Commodity Sector – Palm Output Decline Seen Smaller
- Energy Sector – Biodiesel Capacity Reaches 23mn KL
- BAJA – Prices Rights Issue at IDR 500
- HOKI – Four Rice Products Face Review
- IFII – Sets IDR 47.06bn Interim Dividend
- KKGI – Declares IDR 20 Per Share Dividend
- MBTO – Targets IDR 501bn Sales
- SKBM – Operations Continue After Warehouse Fire
- ULTJ – FrieslandCampina to Acquire Control
Regards, Aldiracita Research
