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Asia shares fall on tech nerves; oil prices slip
Nvidia faces lofty expectations as analysts see quarterly revenue nearly doubling to about $92 billion, while Alibaba and Samsung also weigh on sentiment.
- Asia shares slipped on Tuesday as investors weighed looming Nvidia earnings against US threats of an "economic D-Day" for Iran, which ultimately failed to trigger significant penalties.
- The Trump administration's campaign against Iran risks destabilizing the US-China trade truce, though strategist Joseph Capurso of the Commonwealth Bank said China will likely not cease commerce with Tehran.
- Tech sentiment weakened as Alibaba launched a $10.2 billion share sale to fund AI ambitions, while analysts expect Nvidia's quarterly revenue to nearly double to around $92 billion.
- Brent crude futures dipped 0.1 per cent on Tuesday as market participants await Federal Reserve Chair Kevin Warsh's speech in Jackson Hole, Wyoming, on Friday for interest-rate clarity.
- President Donald Trump threatened Monday to raise tariffs on Canadian auto imports to 50% starting January 1, 2027, escalating trade tensions after negotiations collapsed last week.
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9 Articles
Coverage Details
Total News Sources9
Leaning Left0Leaning Right3Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
C 63%
R 37%
Factuality
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