Asia stock markets trade mostly lower on Friday, mirrored declines in US Treasury yields after a US appeals court reinstated President Donald Trump’s reciprocal tariffs, overturning a previous federal court ruling that had deemed them unlawful,

Asia markets have given up yesterday’s strong gains, reflecting tariffs uncertainty after a US appeals court overturned an earlier ruling that the levies were unlawful. The Nikkei 225 is down by 1% and the Hang Seng index off 1.

Asian shares are trading mostly lower, as uncertainty grew about what will happen next after a U.S. court blocked many of President Donald Trump's sweeping tariffs.