These so-called "expect tests" test the code generation, i.e. the translation of x86 assembly to Web Assembly. Use the following workflow:
expect-tests
In order to add a new expect test:
expect-tests
Note that .asm files are translated to flat binaries, not elf files, so a .data section may be meaningless.
For more information, see https://blog.janestreet.com/testing-with-expectations/