Asian stocks were set to fall after Wall Street gauges retreated, as losses in technology shares outweighed a decline in oil prices. Equity-index futures for Japan and South Korea pointed lower, while those for Australia saw a slight gain. Earlier, a selloff in semiconductor giants dragged the Nasdaq 100 Index down nearly 1%. Nvidia Corp. fell for a seventh straight session, marking its longest losing streak since 2022. The market pressure reflects broader concerns about tech valuations and global equity sentiment.

The selloff was triggered by weakening tech shares, particularly in the semiconductor sector, which saw Nvidia experience an extended decline. While oil price drops provided some support, they were insufficient to offset the tech-driven losses.

Investors are watching Japanese and South Korean futures for further cues, with Australian markets showing modest resilience. The latest developments highlight the interconnectedness of global markets and the impact of US tech performance on Asian equities.