India, April 4 -- Asian stocks extended losses in thin trading on Friday, with markets in mainland China, Hong Kong and Taiwan closed for Tomb Sweeping Day.
Investor sentiment remained fragile as U.S. President Donald Trump's reciprocal tariffs fueled concerns about inflation and growth.
According to UBS, the latest tariff measures unveiled by Trump may knock down U.S. economic growth by 2 percentage points this year and raise inflation close to 5 percent.
However, Trump has downplayed the impact. "The markets are going to boom, the stock is going to boom and the country is going to boom," Trump said.
As growth worries mount, there is now increased speculation that the Federal Reserve could accelerate interest rate cuts to make it easie...