Nasdaq
Nasdaq 100 futures retreated approximately 1% on Monday as rising bond yields and surging oil prices weighed on technology equities. This pullback follows a strong finish last week, highlighted by the record $26.5 billion United States market debut of South Korean memory chipmaker SK Hynix. While SK Hynix’s American depositary receipts surged 13% during their initial Nasdaq trading, shifting macroeconomic conditions and revived geopolitical uncertainties have prompted a more cautious market stance ahead of major corporate earnings reports.
DAX
Germany’s DAX index traded lower on Monday, slipping 0.2% to near 25,067 after concluding the previous week on a positive note. Market participants in Frankfurt exercised caution due to fresh military escalations in the Middle East, which threaten to increase regional energy costs. Additionally, European traders are closely monitoring upcoming economic events, including scheduled remarks from Federal Reserve officials and an impending OPEC meeting intended to determine production levels for major global oil-producing nations.
Nikkei
Japan’s Nikkei 225 index experienced a volatile session, shedding over 1% intraday to trade near 67,786. The benchmark faced significant downward pressure from technology sector profit-taking, notably as SK Hynix shares plunged 11% in Seoul following their strong United States debut. The broader Japanese market was also heavily impacted by the sudden spike in global crude oil prices, which exacerbated immediate inflation fears for the import-reliant nation and triggered a selloff in rate-sensitive domestic equities.
Brent Crude Oil
Brent crude oil futures jumped nearly 4% on Monday, surging past $79 per barrel. The sharp price increase was directly triggered by a fresh round of United States military strikes against Iran over the weekend, coupled with Tehran’s announcement of its intention to close the vital Strait of Hormuz. These renewed hostilities immediately elevated the global geopolitical risk premium, sparking intense market concerns over severe physical supply disruptions across critical maritime shipping routes.