Asian markets are on edge mirroring Wall Street's decline, spurred by worries over U.S. economic prospects and policy decisions. China's upcoming inflation data, Japan's GDP revision, and Taiwan's trade numbers are under scrutiny alongside caution from foreign investors towards Asian equities, particularly Chinese stocks at a low.
Falling oil and commodity prices reflect escalating unease about the global economic landscape. Yi Gang, former central bank governor, advocates for aggressive fiscal and monetary measures in China to counter deflation.
Traders are focused on job market trends over CPI, anticipating heightened volatility after S&P 500's recent sharp decline in anticipation of the crucial August jobs report impacting Fed decisions.
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