Asian stocks were mostly lower on Thursday as caution revives over a likely deepening of trade friction once President-elect Donald Trump takes office. U.S. futures fell while oil prices were higher.

Shares have fallen for a second day in Asia after U.S. markets were closed to observe a National Day of Mourning for former President Jimmy Carter

Asian markets fell Thursday after a tepid lead from Wall Street, with investors increasingly worried about the outlook for inflation and US interest rates as Donald Trump's second presidency looms.

Asian stocks are mostly lower after U.S. stock indexes finished mixed a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected.

Asian stocks largely lower on Thursday after U.S. stocks had a volatile trading session and ended mixed. Equities slumped after economic reports on labor market and services sector. Chinese shares were mixed.

Most Asian stocks declined Thursday amid concerns over slower U.S. interest rate cuts and weak Chinese inflation data signaling economic challenges. Regional markets mirrored a muted Wall Street session,

Asian markets struggled Thursday after a tepid lead from Wall Street, with investors growing increasingly worried about the outlook for inflation and US interest rates as Donald Trump's second presidency looms.