Wednesday, August 12, 2026 — North Korea fires a ballistic missile toward the Sea of Japan. Oil rips toward $90 as Houthis kill 6 in a Red Sea ship strike. Treasury yields pare gains on Iran comments

Japan stocks muted. Everyone is waiting for the US CPI report. The NK missile launch barely registered — that’s a market that’s numb to geopolitics until it hits a supply chain. The issue is oil. Brent pushing $90 is a tax on India and a headache for the RBI. Sensex down 200+, Nifty below 24,450. This isn’t just a commodity story — it’s a current account and rupee story. Watch the yield curve twist. Trump and Bessent have a rate dilemma — the market is pricing the politics of lower rates against the reality of sticky inflation and supply shocks. Good signal from India on financial plumbing. RBI and SEBI are bolting down the cyber shield. Boring but important — a system-wide cyber event is the tail risk nobody hedges properly. Not sure people appreciate the ISM 2.0 news. A 30% capital subsidy and five-year PLI scheme is a big deal for domestic manufacturing. It’s a structural bid for capital goods and infra names. The Houthi strike in the Red Sea is a reminder that the shipping dis

Japan stocks muted. Everyone is waiting for the US CPI report. The NK missile launch barely registered — that’s a market that’s numb to geopolitics until it hits a supply chain.