Iron Fist is not weak in the comics. His martial arts skills and chi-powered abilities give him an edge. Sometimes, his effectiveness might be influenced by the circumstances and the villains he's up against.
Iron Fist wasn't Asian in the original comic version. The character was originally created and portrayed as a non-Asian. However, there have been discussions and calls for more diverse representations in comics over time.
In most comic storylines, Iron Fist isn't Asian. The character has a specific origin and ethnicity that differs from being Asian. However, there might be alternate universes or special story arcs where this could potentially change.
The 'Iron Fist' is based on the Marvel Comics character. In the real story, Danny Rand, a rich kid, was orphaned after his parents died in a plane crash. He was then raised in the mystical city of K'un - Lun. There he trained in martial arts and became the Iron Fist, a powerful warrior with a glowing fist. He returned to New York to reclaim his family's company and fight crime using his martial arts skills and superhuman abilities.