Asian Stocks Decline Amid US Tariff Concerns

Asian markets experienced a downturn amid rising concerns over U.S. President Donald Trump's proposed tariffs, which could reignite inflation. The Nikkei in Japan fell by 1.43%, while South Korea's KOSPI declined by 0.52%, reflecting broader regional losses. The Federal Reserve's recent minutes indicated that policymakers were wary of the potential impact of Trump's trade and immigration policies on inflation and economic stability. Despite record highs on Wall Street, Asian investors appeared cautious, with some perceiving recent gains in technology stocks as overextended. Meanwhile, the People’s Bank of China chose to maintain its borrowing rates, emphasizing financial stability. Overall, the geopolitical climate, particularly tensions involving Trump and foreign trade, has created a 'risk-off' sentiment in the market.