Good morning and welcome to Markets Desk, your Monday open across global equities and macro.
Asian markets are broadly lower to start the week, tracking Friday's Wall Street selloff as two forces combine to pressure sentiment — spiking crude oil prices and rising global bond yields, both tied to renewed US-Iran tensions. South Korea, Japan, and Hong Kong are leading the declines, and the move is broad enough to suggest investors are repositioning rather than simply reacting.
That same oil story is hitting Indian equities hard. Mumbai traders are bracing for a lower open as rising energy costs threaten import bills and inflation expectations simultaneously. When crude spikes on geopolitical risk, emerging markets with current account exposure feel it first, and India is squarely in that category right now.
Turning to a single-name story worth watching, Vistra is sitting thirty-seven percent below its fifty-two week high despite posting second-quarter adjusted EBITDA of one point seven seven billion dollars, a thirty-one percent year-over-year gain. With power demand continuing to climb on data center and AI infrastructure buildout, the gap between operational performance and share price is drawing real attention from value-oriented investors.
That's the tape. Markets Desk, signing off the floor.
