Asian Markets at Risk of Pressure on Nvidia Probe: Markets Wrap

US stocks opened Monday on steadier footing after the S&P 500 logged its worst week since April 2025, with cheaper oil offering support while chipmakers stayed under pressure.

The setup is a bounce attempt, not a clean reversal. Oil prices falling gave equities a tailwind at the start of the session, but selling in semiconductors kept a lid on the rebound. Bloomberg's Markets Wrap headline points to a probe involving Nvidia as a risk for Asian markets, framing chip names as the pressure point heading into the Asian session.

Interpretation: the S&P 500's weekly drawdown, the largest since April 2025, means positioning is likely stretched to the downside, which can make early-week relief rallies sharp but fragile. With chipmakers still weak, index-level strength depends on whether oil's decline can offset semiconductor drag.

The two forces pulling in opposite directions are lower oil as a support and chip-sector weakness as a headwind. Which one dominates will likely determine whether Monday's firmer open holds or fades.