SynopsisAsian markets followed Wall Street's downward trend as caution in technology stocks seeped into trading. Meanwhile, gold prices soared for the fifth day straight, hitting impressive highs. Investors are on the edge of their seats awaiting Nvidia's earnings announcement, which is expected to sway market sentiment. Federal Reserve Chair Kevin Warsh's upcoming speech also promises insights into the economic landscape.APAsian 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.Elsewhere, global crude oil benchmark Brent was little changed on Tuesday, trading around $92.20 a barrel after US Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran. The commodity fell more than 2% on Monday, snapping a six-day rally.Read more: Investors’ equity rush helps SIP assets triple in five yearsLower energy prices lifted Treasuries on Monday, with the 10-year yield falling four basis points to 4.70%. Gold rose 0.5% to near $4,680 an ounce, hovering around levels last seen in May as the US Treasury’s intervention in the bond market revived concerns about fiscal policy and its impact on the dollar.Investors are weighing mounting geopolitical risks against a packed week of economic data and corporate earnings, with the outlook for technology shares emerging as a key test for broader risk sentiment. Nvidia’s results on Wednesday will be closely watched for signs that the recent weakness in chipmakers has further to run.“Details about US economic sanctions on Iran, the Treasury’s attempts to lower long-term yields, and economic data may shape much of the sentiment backdrop,” said Chris Larkin at E*Trade from Morgan Stanley. “But Nvidia and other tech earnings are positioned to be a major weight on the market’s momentum scale.”Investors are also looking for clues on how the US central bank will respond to stubborn inflation when Federal Reserve Chair Kevin Warsh speaks at its annual gathering in Jackson Hole, Wyoming.With Treasury yields still elevated by sticky inflation and concerns over fiscal deficits, traders are watching for any clear guidance from Warsh on how the Fed might respond over the rest of the year.Earlier, Treasuries were also supported by a CNBC report that the Treasury Department could tap its cash pile to fund buybacks of higher-yielding older securities in an effort to curb borrowing costs.Bessent, however, stopped short of signaling any changes to US debt management in a speech Monday following the report.“We haven’t bought a single bond yet,” Bessent said when asked in a press conference whether he’s going to soon increase the buybacks.In tariff news, the Canadian dollar was little changed after Canadian ministers were set to announce a response to US tariffs on Tuesday.Back to the technology sector, Nvidia shares fell 2.9% after the company had notified customers of AI-related price increases on systems shipped early next year.Nvidia’s results have become an important gauge of the artificial intelligence trade, which has come under pressure in recent months as investors question whether massive spending on the technology will translate into commensurate profits.“This is a key week for markets with Nvidia’s earnings and the annual Jackson Hole speech, which normally wouldn’t have a link, but Nvidia needs to impress in order to keep one leg of the stock market stable, and Warsh needs to provide clarity on interest rates in order to keep the other leg of the stock market stable,” said Richard Reyle, chief investment officer at Questar Capital Partners.Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. 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