Asian markets tumbled Monday as Tokyo and Seoul led the slide, while U.S. investors brace for a pivotal inflation report that could shape Fed policy. Persistent inflation above target, global tensions, and rising Treasury yields are fueling market unease — even as U.S. stocks held firm on strong corporate earnings. Geopolitical risks simmer, with Iran escalating threats, while oil prices dipped and bitcoin surged on rate-cut hopes. The Fed’s next move? Watch Kevin Warsh’s Jackson Hole speech for clues.

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