Asian stocks fell, led by declines in Chinese markets, as disappointing corporate earnings raised concerns about China’s economic outlook.

Nongfu Spring Co. shares plummeted after reporting its slowest profit growth in four years.

Investors are also cautious ahead of Nvidia’s earnings, which are expected to be a critical indicator for the tech sector, particularly in AI-related stocks.

The yen weakened further against the dollar following comments from the Bank of Japan’s Deputy Governor, while Sony shares rose after announcing a price hike for the PlayStation 5 in Japan.