Asia stocks fall as US tariffs remain after court twist

Asian stocks declined as the US dollar weakened alongside Treasury yields, following an appeals court’s decision to keep President Trump’s tariffs in place while considering an appeal against a previous ruling that deemed the tariffs unconstitutional. Japan’s Nikkei index fell 1.7%, influenced by a stronger yen, which impacts overseas earnings, while Hong Kong’s Hang Seng and South Korea’s KOSPI also experienced losses. Despite the legal uncertainty surrounding the tariffs, Treasury Secretary Scott Bessent confirmed ongoing negotiations with trading partners, although progress with China remains stalled.

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