US stock markets closed mixed at the beginning of the week (09/08), with Dow Jones and S&P500 declining. The energy sector became the main pressure along with the soaring cases of the delta variant of Covid-19 in the US which made the outlook for oil prices fade. Meanwhile, the yield on the 10-year US Treasury rose again to above the 1.3% level.
Domestically, the JCI continued its correction with 9 out of 11 sectors closed lower, and foreign net sell transactions reaching IDR 670 billion. Market participants will observe the impact of the government’s decision to extend the implementation of PPKM Level 4 until August 16, 2021. Today, JCI still has a chance for technical rebound with a range of movement at 6,100 – 6,260.
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