Asian stocks hesitant before Nvidia results, oil slips
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.12% in early trading as Brent crude futures fall for a third straight day.
Asian markets showed limited momentum on Wednesday as oil prices continued to decline, influencing bond yields and creating uncertainty ahead of Nvidia's earnings report, according to wire reports. Japan's Nikkei and South Korea's tech-focused Kospi both experienced slight declines. The Nasdaq also experienced a slight drop in early trading.
Investors are closely watching Nvidia's second-quarter results, as the AI industry's future and profitability hang in the balance. Iran and Oman are reportedly engaged in discussions to manage the Strait of Hormuz, which could potentially alleviate some of the economic pressure on oil markets. However, the outcome remains uncertain, as Iran maintains that the strait will remain closed until certain conditions are met.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Asian stocks hesitant before Nvidia results, oil slips freemalaysiatoday.com
