Asian Stocks Slide on China Earnings Woes Ahead of Nvidia Results

Asian stocks declined on Wednesday due to concerns about China`s economic recovery and anticipation of Nvidia`s earnings report. Disappointing earnings from Chinese companies like Nongfu Spring, along with lowered guidance from companies like ANTA Sports Products and PDD Holdings, fueled worries about weak growth in China. While internet companies are exceeding earnings expectations, other sectors like materials and tech are lagging. Investors are now looking towards Nvidia`s upcoming earnings report for indications on the future of AI-related stocks, which have been driving market optimism. The anticipation surrounding Nvidia`s results is causing some investors to hesitate, contributing to the cautious market sentiment.