Good morning, you're tuned in to Markets Desk, let's get to what's moving.
The Supreme Court handed down a significant ruling this morning, rejecting the Trump administration's attempt to restrict mail-in ballot access ahead of the midterms. Justices split seven to two, a notably wide margin, and the decision lands just weeks before congressional elections, leaving voting rules largely intact across contested states.
Shifting to markets, Taiwan's equity benchmark continues to slide, now down more than thirteen hundred points across three consecutive losing sessions, representing roughly three percent of value erased. The Taiwan Stock Exchange is hovering just above the forty-five thousand eight hundred sixty level, and with no clear catalyst for a reversal, traders are bracing for continued pressure heading into Tuesday's session.
And in a story that raises serious questions about capital discipline, SpaceX disclosed spending fifteen point eight billion dollars on artificial intelligence infrastructure in a single quarter, a figure that dwarfs its combined outlays on rocketry and Starlink. The bet is on orbital data centers, but if that architecture fails to deliver returns, the implications for the company's valuation could be substantial.
That's the tape. Markets Desk, signing off the floor.
