Asian stocks declined at the open after Wall Street’s slide, as investors moved away from riskier assets ahead of Nvidia Corp.’s earnings and a key US jobs report later this week.
A gauge of Asia-Pacific shares extended its losses to a third day after the S&P 500 dropped 0.9% and the Nasdaq 100 shed 0.8%. Amid the weak sentiment, MSCI’s global stock gauge traded at a one-month low, while Bitcoin held its losses after falling to the lowest level since April.