Asia Markets Flat Ahead of Iran Sanctions Announcement

Asian stock markets were quiet on Monday as investors awaited details of threatened U.S. sanctions on Iran, which is set to be announced by Treasury Secretary Scott Bessent later in the day.

The Nikkei index was flat after falling almost 4% last week, while South Korean shares eased 0.8%. The Canadian dollar dipped against its U.S. counterpart as trade tensions between the two nations escalated.

Nvidia's earnings results on Wednesday are a major focus for investors, with expectations that quarterly revenue will nearly double to $92 billion and full-year earnings guidance seen in a range of $103 billion to $105 billion.