Welcome to Markets Desk, where we have the tape on everything moving markets right now.
Stock futures are under modest pressure Sunday evening as the U.S.-Iran conflict deepens following the deaths of American service members over the weekend. Dow futures fell sixty-one points, about zero point one two percent, while oil surged nearly three percent, with West Texas Intermediate climbing to eighty-four dollars and seventy-six cents a barrel. A former NATO commander has warned the Suez Canal could become the next flashpoint, which would carry serious consequences for global shipping lanes and energy flows.
Shifting to Asia, the Kuala Lumpur Composite Index has posted back-to-back gains, adding roughly twenty points or one point one percent to sit just above the seventeen thirty level. Momentum may stall Monday, however, as the rally looks technically stretched and regional sentiment remains cautious given the broader geopolitical backdrop.
Meanwhile in Seoul, the KOSPI is sitting just above sixty-eight twenty after snapping a two-session winning streak that had produced a remarkable surge of more than four hundred seventy-five points, or six point six percent. South Korean markets were closed Friday for Constitution Day, so traders will be watching closely for how sentiment holds when full volume returns early in the week.
That's the tape. Markets Desk, signing off the floor.
