Global equity markets are trading lower as geopolitical risks in the Middle East overshadow recent optimism surrounding US monetary policy.
The escalation of the US-Iran conflict has triggered a broad risk-off sentiment, with surging crude oil prices adding to investor anxiety.
This marks a sharp reversal from the overnight gains seen in global equities, which were previously buoyed by softer-than-expected US inflation data that had bolstered expectations for a more dovish Federal Reserve stance.
The sell-off has been particularly pronounced in the technology sector, with US chip stocks leading the decline.
The weakness in US equities has spilled over into Asian markets, where indices traded lower on Monday.
The pre-market indicator for Indian benchmarks, the Gift Nifty, suggests a cautious opening for the Nifty 50 and Sensex, reflecting the subdued global risk environment.