Asian stocks sink as Samsung, Alibaba lead tech rout; Nvidia, Fed in focus

Asian stocks experienced a sharp decline on Monday, with technology shares, particularly Samsung Electronics and Alibaba, leading the market downward. The broader risk-off sentiment was exacerbated by escalating U.S.-Canada trade tensions, adding to investors' concerns over the impact of protectionism on global growth and corporate costs.

Investors are closely watching Nvidia's earnings on Wednesday for insights into the AI boom's sustainability and Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole symposium, which could provide clues about the interest-rate outlook.

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