Analyst Giulia Petroni says gold is under pressure from a surge in oil, higher bond yields and rising rate‑hike expectations, and expects a weekly decline of more than 2%. In mid European trading New York gold futures fell as much as 0.5% to $4,383.90/oz. U.S. August PPI rose, heightening concern that Middle East‑linked energy gains could feed into inflation. Markets are focused on Friday’s CPI print; CME FedWatch shows a 67% probability of a Fed rate increase next week.

South Korea's KOSPI slid to 7,000, down 3.29% at the open. SK Hynix and Samsung Electronics each fell about 4%.

China’s finance ministry published an implementation plan to accelerate high-quality development of agricultural insurance, directing stronger crop risk protection and expanded coverage for major commodities including staple grains, cotton, oilseeds, sugar and rubber. The plan calls for improving regional balance in agricultural insurance and refining premium-sharing mechanisms below the provincial level. It mandates a gradual reduction in county-level premium subsidy ratios in major grain-producing counties, promotion of full-cost and planting income insurance for rice, wheat, corn and soybeans, and expanded insurance support for potatoes, rapeseed, peanuts, sugar beet, highland barley and rice/wheat/corn seed production.