MARKET REVIEW
The JCI edged down 0.06% to 6,595.78 after reversing an early gain, as higher oil prices and uncertainty over the Federal Reserve kept risk appetite cautious. Technology (+3.74%) and financials (+0.63%) cushioned the decline, but basic materials (-1.34%), infrastructure (-0.95%), industrials (-0.81%) and energy (-0.63%) closed lower. El Niño-related risks to nickel output and coal logistics added pressure to commodity-linked names.
Asian equities fell broadly amid renewed US-Iran tensions and a global bond sell-off. KOSPI sank 3.99%, Nikkei 225 lost 2.85%, Shenzhen dropped 1.45% and ASX 200 declined 0.97%, while Hang Seng eased 0.07%.
European markets opened mostly lower, with STOXX 600 down 0.11%, CAC 40 off 0.11% and DAX 40 declining 0.32%, while FTSE 100 was broadly flat. Investors weighed firmer oil prices, higher bond yields and inflation risks ahead of further central-bank signals.
NEWS HIGHLIGHTS
- Commodity Sector – Drought Disrupts Kalimantan Coal Exports
- Metals Sector – El Niño Threatens IMIP Output
- CBRE – Rights Issue Targets Debt Conversion
- MORA – Secures IDR 4tn BCA Facility
- PGAS – Gunvor Arbitration Covers Nine Cargoes
- VKTR – Funding Talks Reach IDR 2tn
Regards, Aldiracita Research
