Asian Shares Dip as Investors Await US Inflation Data

Asian stock markets mostly declined as investors awaited upcoming U.S. economic data, particularly inflation figures. This followed mixed reactions to Nvidia`s strong earnings report, which showed profit growth but led to a slight dip in the company`s stock price. Despite recent positive developments in U.S.-China relations, market sentiment remained cautious. Investors are also anticipating the Federal Reserve`s next interest rate decision in September, with expectations of a potential rate cut. Wall Street closed lower, driven by losses in major technology companies, while Treasury yields saw mixed movements.