ASX Braces for Losses as Oil Surges, US Shutdown Lingers

A Rough Dawn Down Under

Picture this: It's Sunday evening in Sydney, and futures are flashing red. The ASX looks headed for another tumble on Monday, mirroring Wall Street's grim fifth straight weekly loss—its longest skid in nearly four years. Oil's revving up for another jump amid Iran war jitters, while across the Pacific, the US government's shutdown drags into record territory, snarling airports and rattling nerves. According to the Sydney Morning Herald, it's a perfect storm brewing...