Business RecorderPKfinanceAug 25, 2026, 3:07 AMImpact 63.18

Asia shares fall on tech nerves; oil prices slip

SINGAPORE: Asia shares slipped on Tuesday while oil prices extended losses, after threats from the US ​for an “economic D-Day” of sanctions on Iran turned out to be a damp squib. US Treasury yields were off their recent highs ‌following a report that the Treasury Department might tap into its cash account to finance increased debt buybacks, which could reduce the need for additional sales of short-term bills. The tech sector is holding its breath for Nvidia’s results on Wednesday; investors are aware how hard it will be for the chipmaker to meet lofty expectations. Analysts are generally looking for quarterly revenue ​to almost double to around $92 billion, with full-year earnings guidance seen in a range of $103 billion to $105 billion. “Those are really high expectations ​to be met,” said Fabien Yip, a market analyst at IG. “Judging from Nvidia’s track record, it won’t be surprising ⁠if they meet the headline numbers, but I think the more piece is people are trying to understand whether there are concerns on the circular ​deals powering its growth and whether that growth percentage is sustainable in the upcoming quarters.” MSCI’s broadest index of Asia-Pacific shares outside Japa