Aug 24, Kathmandu - In the wake of US President Donald Trump's announcement of stringent economic sanctions against Iran, oil prices have declined, with Asian markets also experiencing downturns in early trading.

South Korea's tech-focused Kospi index fell by 1.4%, while markets in Tokyo, Shanghai, Taipei, and Wellington also saw declines. Conversely, markets in Sydney, Jakarta, and Bangkok recorded gains, while Manila and Kuala Lumpur remained stable.

Meanwhile, investor interest in artificial intelligence (AI) continues to rise, with a particular focus on the upcoming earnings report of US chip giant NVIDIA, one of the world's most valuable companies. The rapid expansion of AI technology has sparked optimism and concern among investors regarding sustained high investments and returns.

Stefan Iniss of SPI Asset Management highlighted that while investment in AI persists, costs are increasing. He emphasized that NVIDIA must demonstrate its ability to generate substantial returns from its heavy investments.

In addition, Chinese tech firm Alibaba announced plans to raise $10.2 billion through a new share issuance in Hong Kong on Sunday, aiming to channel the funds into expanding its global AI infrastructure and technology.

Hong Kong's stock market dropped by over 2% on Monday. Despite Shin, a fast-fashion company, announcing its listing in Hong Kong scheduled for September 1, the market did not react positively. The company's valuation is estimated to reach around $27 billion.

Meanwhile, US Treasury Secretary Janet Yellen is expected to brief the press on Monday regarding plans to intensify economic pressure on Iran. The US has also called on allied nations and China to participate in the campaign. US Vice President J.D. Vance described the effort to increase economic sanctions on Iran as a "delicate dance," while Biseant urged China to cooperate with the US-led initiative.

In energy markets, Brent crude oil prices fell by 2.3% to around $92 per barrel, with US crude oil experiencing a similar decline. Investors are closely watching this week's Federal Reserve annual Jackson Hole symposium, where central bankers, economists, and financial leaders are expected to provide further guidance on US monetary policy. Amid rising inflation and increasing US government debt, the yield on US Treasury bonds has risen, with the total US national debt surpassing $40 trillion.