"China's Economic Woes Impact Asia; Dollar Surges to 2023 High Against Yen"

Asian stock markets struggled as investors awaited China data that is expected to highlight the need for stimulus, while rising Treasury yields pushed the dollar to a 2023 high against the yen. Chinese shares declined due to disappointing economic news and concerns about debt-laden property developers. Geopolitical tensions also added to market worries. Meanwhile, U.S. retail sales data is anticipated to show a pickup in spending, challenging the market's expectation of rate cuts by the Federal Reserve. The rise in bond yields lifted the dollar, while gold prices fell. Oil prices, however, continued to rise due to tight supply and strong demand forecasts.