India, April 22 -- Asian stocks ended mixed on Tuesday after tariff-related worries and fears over the independence of the U.S. Federal Reserve sparked a sell-off in U.S. equities overnight.
In a post on Truth Social, U.S. President Donald Trump claimed without evidence that "pre-emptive cuts" were being called for "by many" now that the economy was facing what he described as "virtually No Inflation."
Mainland Chinese and Hong Kong markets outperformed despite escalating U.S.-China trade tensions.
The dollar remained under pressure after hitting a three-year low Monday. Gold hovered near record levels while oil prices rebounded on short covering.
China's Shanghai Composite Index rose 0.3 percent to 3,299.76 and Hong Kong's Hang Seng In...