Asia share markets slipped on Monday as fresh drone attacks in the Gulf pushed up oil prices and bond yields, while the AI boom is set to be tested by earnings from tech-diva Nvidia this week.

Most Asian stock markets fell on Monday, with technology shares leading losses ahead of earnings from AI heavyweight Nvidia later this week, while rising oil prices and escalating Middle East tensions dampened investor sentiment.

Malaysia's gross domestic product (GDP) grew at a slightly faster-than-anticipated rate of 5.4% in the first quarter of 2026, as economic growth moderated from 6.2% in the preceding quarter last year.

Japan’s economy is expected to have grown for a second quarter in January-March, supported by recovering exports and solid domestic demand, although the full impact of the Iran war had yet to be felt, a Reuters poll showed on Friday.

The Bank of Japan will raise its key interest rate to 1.0% in June, nearly two-thirds of economists said in a Reuters poll, as it presses ahead with efforts to normalise monetary policy amid ‌rising inflation concerns from the war in Iran.

The number of Americans filing claims for unemployment benefits increased moderately last week, pointing to a stable labor market even as rising energy prices from the war with Iran drive up inflation.