Good morning, you're listening to Markets Desk.
Asian equities are trading mixed this Monday as traders weigh broadly negative signals carried over from Wall Street's Friday session. Geopolitical pressure is adding to the caution, with the U.S.-Iran conflict widening following American strikes on Iranian-linked targets, keeping risk appetite contained across the region.
Closer to home in the Pacific, Australia's S&P ASX two hundred is holding above the eight thousand eight hundred level, trimming some of its early gains in mid-session trade. It's a modest recovery story — the index clawing back a portion of Friday's losses even without a tailwind from U.S. markets, suggesting some domestic resilience in the near term.
On the corporate side, Morgan Stanley has placed a three hundred dollar price target on SpaceX, Elon Musk's privately held rocket and satellite company. The bank is making a clear bet that Musk can integrate artificial intelligence meaningfully into space infrastructure — a bold call that reflects just how seriously Wall Street is beginning to price the convergence of AI and aerospace.
That's the tape. Markets Desk, signing off the floor.
