India, March 13 -- Asian stock markets are trading mixed on Friday, following the broadly negative from Wall Street overnight, as traders remain cautious and concerned about global economic growth amid the ongoing trade war. Some traders also looked to pick up stocks at a bargain after the recent slump in the markets. Asian markets ended mostly lower on Thursday.

U.S. President Donald Trump suggested the U.S. would respond to the European Union's countermeasures with even more tariffs. Trump later reportedly threatened to impose a 200 percent tariff on all wines, champagnes and alcoholic products coming out of the EU in response to a "nasty" 50 percent tariff on whisky.

The Australian stock market is notably higher on Friday, snapping a f...