Asian Stocks Tumble on Weak US Jobs Data, Deflationary Pressures in China

Asian stock markets declined on Monday following a significant drop in U.S. markets on Friday. The decline was driven by weak U.S. job market data, which fueled concerns about the economy and overshadowed positive GDP growth in Japan. Additionally, Chinese markets were impacted by disappointing inflation data. While U.S. futures and oil prices showed some recovery, the overall market sentiment remained cautious as investors assessed the potential impact of economic slowdown and the Federal Reserve`s efforts to control inflation.