Asian Markets Decline Following Wall Street's Halted Rally

Investor caution rises ahead of Federal Reserve Chair Powell's upcoming speech at Jackson Hole

Asian stocks fell after Wall Street ended its eight-day winning streak.
Japan reported a significant trade deficit, driven by surging import costs.
Investors are closely watching for signals on future rate cuts from the Federal Reserve.
Nvidia and Boeing stocks weighed heavily on the U.S. market.
Oil prices held steady after recent losses, with traders monitoring U.S. stockpiles and Middle East tensions.