Indonesian Stocks Track Global Markets Lower as Russia – Ukraine Tensions Escalate

Konsultan Keuangan Ulasan Pasar Modal Hari Ini 

• Jakarta composite retreated 40.971 points as global markets tumbled on renewed geopolitical tensions.
• Foreign investors bought a net Rp727.03 billion in regular market.
• Stock markets across the globe tank amid escalating tensions between Russia and Ukraine.
• Russian President Vladimir Putin ordered troops into two breakaway regions of eastern Ukraine after announcing Monday evening that he would recognize their independence.
• Oil, nickel and aluminum jumped as traders weighed the risk of supply disruptions from potential Western sanctions.

Jakarta composite declined 40.971 points (-0.594%) to 6,861.994. LQ45 fell 0.62% to 973.735. There were 24.773 billion shares traded worth of Rp12.828 trillion, including transaction of Rp1.35 trillion in negotiation market. 176 shares rose while 365 declined and 138 unchanged. Foreign investors bought a net Rp727.03 billion in regular market.

On currency, according to JISDOR Tuesday afternoon, rupiah declined 33 points (-0.23%) to 14,362. Spot rate weakened 36 points (-0.25%) to 14,361.

Global markets

• Stock markets across the globe tank amid escalating tensions between Russia and Ukraine.
• Russian President Vladimir Putin ordered troops into two breakaway regions of eastern Ukraine after announcing Monday evening that he would recognize their independence.
• After that development, U.S. and Europe vowed new sanctions against Russia’s move
• The benchmark 10-year Treasury yields fell as much as 5.5 basis points to 1.8715% on deteriorating Ukraine crisis and U.S. Federal Reserve rate hike bets.
• Federal Reserve Governor Michelle Bowman said on Monday she will keep an eye on the economic data over the next three weeks to determine whether it is necessary to raise the interest rate by a half percentage point at the central bank’s next meeting in March.

Commodity

• Oil, nickel and aluminum jumped as traders weighed the risk of supply disruptions from potential Western sanctions.
• U.S. West Texas Intermediate crude soared $4.93, or 5.41%, to $96.00 a barrel, while Brent crude surged $3.55, or 3.72%, to $98.94 a barrel.
• Gold hit a near nine-month high on Tuesday worries surrounding geopolitical tensions fueled demand for safe-haven bullion.
• Bitcoin dropped for a sixth straight day, touching a low of $36,372.

Konsultan Keuangan Ulasan Pasar Modal Hari Ini

Major index this afternoon:

STOXX 50.. 3,936.05 (-1.25%)
CAC 40.. 6,722.42 (-0.97%)
DAX.. 14,488.36 (-1.65%)
FTSE.. 7,449.80 (-0.46%)

Nikkei.. 26,449.61 (-1.71%)
HSI.. 23,520.00 (-2.69%)
SHCOMP.. 3,457.15 (-0.96%)
TAIEX.. 17,969.29 (-1.38%)
KOSPI.. 2,706.79 (-1.35%)
S&P/ASX 200.. 7,161.28 (-1.00%)
SENSEX.. 57,101.84 (-1.01%)
STI.. 3,399.78 (-1.06%)

DOW FUT.. 33,584.00 (-1.24%)
S&P FUT.. 4,281.00 (-1.44%)
NASDAQ FUT.. 13,698.75 (-2.12%)