Good morning and welcome to Markets Desk.
Anak Krakatau erupted early Sunday in Indonesia's Sunda Strait, forcing the cancellation of over fifteen hundred flights out of Jakarta's Soekarno-Hatta International Airport and stranding roughly one hundred seventy thousand passengers. Ash drifted across western Java and Sumatra, and the disruption is already rippling through regional aviation and logistics networks.
Turning to equities, UiPath shed seventeen percent after its latest earnings release despite the automation software company posting solid results and raising forward guidance. The market's concern centers on whether growth can meaningfully reaccelerate from here. At current levels, some analysts are beginning to weigh whether the selloff has created a genuine entry point or simply reflects a deeper structural reset in enterprise software valuations.
Meanwhile, over in Singapore, the Straits Times Index has strung together three consecutive sessions of gains, adding more than ninety points, or roughly one point six percent, to push just above the five thousand eight hundred level. Momentum, however, may be running thin heading into Monday's session, with traders watching for any catalyst that could either extend the rally or prompt a near-term pullback.
That's the tape. Markets Desk, signing off the floor.
