The latest signal of China’s stalling economic growth triggered steep losses across Asian markets Friday as doubts build about Beijing’s ability to get the world’s No. 2 economy back into gear.

Worries about China’s growth in recent days have unnerved investors across Asia, the U.S. and Europe, pressured emerging-market currencies and commodities and driven cash toward safer assets like gold. Analysts say they are on the lookout for fresh stimulus efforts from China, possibly as early as this weekend.

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