Asia-Pacific markets set to fall as rotation out of tech continues; traders await Trump address

Market Overview - Asia-Pacific markets experienced a decline as investors shifted away from technology stocks, influenced by movements in Wall Street [1] - The Bank of Japan is expected to raise interest rates to 0.75% during its upcoming two-day meeting [4] U.S. Political Developments - U.S. President Donald Trump is scheduled to deliver a speech discussing his accomplishments and actions against Venezuela, including designating its government as a 'terrorist' regime and ordering a blockade of sanctioned oil tankers [2][3] Energy Sector - Brent crude futures increased by 2.95% to $60.66 per barrel, while West Texas Intermediate futures rose by 1.88% to $56.99 [3] - Shares of Woodside Energy fell by 1.84% following the resignation of CEO Meg O'Neill, who accepted a position at BP [5] Technology Sector - Stocks related to artificial intelligence faced significant declines, particularly after Blue Owl Capital withdrew funding from Oracle's data center project, leading to a 5.4% drop in AI-related shares [6] - Major AI stocks, including Broadcom, Nvidia, and Advanced Micro Devices, also saw declines [6] U.S. Stock Market Performance - All three major U.S. indexes reported losses, with the S&P 500 down 1.16%, the Nasdaq Composite down 1.81%, and the Dow Jones Industrial Average down 0.47% [5]