Asian markets experienced significant losses on Monday, driven by weaker-than-expected U.S. jobs data that stoked fears of a potential recession in the world's largest economy. The disappointing August non-farm payrolls report, coupled with concerns that the Federal Reserve may have delayed interest rate cuts for too long, led to a sharp selloff in Asian stocks. The Nikkei 225 fell by 3.0%, the ASX 200 dropped by 0.9%, and the KOSPI declined by 1.8%. Wall Street's slump also dragged bond yields and commodity prices lower as investors avoided risk assets for safer harbors. Investors are now focused on upcoming key events, including the latest U.S. CPI report, which could provide further insights into the economic outlook.