Just checked the Indonesia market and looks like we might see some weakness at the open today. The Jakarta Composite Index closed yesterday at 8,146.72, up about 0.30 percent, but the momentum could fizzle out given what happened on Wall Street overnight. Tech stocks got hammered globally while energy and pharma held up better, so that'll probably flow through to the local bourses too. The mixed signals from the U.S. aren't helping either. Looking at the individual movers, the banking sector was pretty strong yesterday with CIMB Niaga jumping 4.71 percent and Mandiri spiking 3.52 percent, but you had some weakness in the food and telecom names dragging things down. The resource stocks were a bright spot though. What's interesting is oil prices surged after U.S. inventory data came in much lower than expected, with WTI crude hitting $65.18 a barrel. That could give some support to energy stocks here. On the macro side, Indonesia's releasing Q4 GDP figures today and the forecasts are looking for around 5 percent year-on-year growth, so that might provide some backdrop for the market. The currency symbol showing up across emerging market trades lately, but the real question is whether we can hold above that 8,150 level on the index. If we break below it could get messy.

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