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Daily Market Wrap

January 14, 2026

14 January 2026
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January 14, 2026

NEWS

  • America : Wall Street weakened with the Dow down 0.8%, the S&P 500 down 0.19%, and the Nasdaq down 0.1%, triggered by a correction in banking stocks following JPMorgan's decline. US inflation in December 2025 was 0.3% MoM; 2.7% YoY (in line with estimates), limiting the Fed's dovish stance. The 10-year US Treasury yield fell to 4.18%, while the market became more conservative in calculating the chances of interest rate cuts amid rising political risk premiums.
  • Asia : Asian markets closed mixed with a tendency to strengthen: Nikkei +3.10% (expectations of Japanese stimulus & weak yen benefiting exporters), KOSPI +1.47%, Hang Seng +0.90%, while China's SSE -0.64% awaited earnings and stimulus. Risk sentiment improved, supported by AI/semiconductor stocks, controlled US inflation, and falling US yields, but the strengthening was selective due to geopolitical risks, Fed policy uncertainty, and China's outlook.

MARKET UPDATE

  • The JCI rose 0.72% to 8,948, reflecting stabilization after early-year volatility driven by buying of large-cap stocks and still selective foreign buying. The market responded positively to the release of global economic data, although the gains were held back by concerns over the 2025 state budget deficit of 2.92% of GDP. Overall, the market is becoming more stable, but market participants remain cautious.
  • The 10-year SUN yield rose to 6.18% (+29 bps) following the increase in the 10-year US Treasury, which triggered global repricing amid expectations that the Fed would maintain tight interest rates. This increase in yield reflects investor caution with risk-off sentiment driving risk premium widening and position adjustments, especially in long tenors, although the appeal of carry kept the decline under control.


Source : Bloomberg, Infovesta

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This document was prepared by PT KB Valbury Asset Management based on information from reliable sources. PT KB Valbury Asset Management does not guarantee the accuracy, adequacy or completeness of the information and materials provided. PT KB Valbury Asset Management Indonesia is not responsible for any legal and financial consequences arising from actions taken based on this document, whether suffered by any person or party.