Investing.com-- Most Asian stocks retreated on Wednesday with technology-heavy indexes falling in anticipation of earnings from market darling Nvidia, while Australian stocks sank on a sticky inflation print.
Nvidia is considered as a bellwether for the AI industry, with any takeaways from its earnings, due later on Wednesday, likely to factor into Asian technology stocks.was among the worst performers in Asia, losing 0.6% after consumer price index data read stronger than expected for July.rose 3.5%, slightly above expectations and well above the Reserve Bank of Australia’s 2% to 3% annual target.