Asian Shares Fall After US Tariff Reinstatement

Asian shares declined after a US appeals court reinstated President Trump's global tariffs, causing investor anxiety and resulting in steep losses for Japanese tech stocks. Japanese inflation data surpassed expectations, prompting speculation about potential Bank of Japan rate hikes as long-term bond yields hit record highs. The US dollar strengthened further against major Asian currencies, supported by strong US economic data and ongoing expectations of dollar gains. Australian inflation was higher than anticipated, offering some support to the Aussie dollar but leaving its downward trend largely unchanged as markets doubt imminent RBA cuts. Meanwhile, the Reserve Bank of New Zealand cut interest rates amid weak domestic growth and global trade headwinds. Overall, Asian markets and currencies were pressured by renewed US tariff actions, shifting monetary policies, and persistent inflation concerns.