Asian equities followed Wall Street lower as investors cut exposure to technology shares ahead of earnings that may test confidence in the artificial intelligence trade. Gold climbed for a fifth consecutive day.
The MSCI Asia Pacific equities gauge slipped 0.4% with benchmarks in Japan and South Korea falling. Earlier, a selloff in semiconductor giants dragged the Nasdaq 100 Index down nearly 1% on Monday. Nvidia Corp. fell for a seventh straight session — the longest losing streak since 2022. Equity-index futures for US stocks edged lower in early Asian trading.
