India, May 16 -- Asian stocks ended mostly lower on Friday as Japanese GDP data disappointed and investors awaited clarity on how the global economy would be impacted by U.S. tariffs on its trading partners.
The U.S. dollar tracked Treasury yields lower as a string of softer-than-expected U.S. economic data released on Thursday fueled hopes for more rate cuts from the Federal Reserve in the coming months.
Gold prices fell nearly 1 percent toward $3,200 per ounce as trade worries ebbed. Oil held steady but was on track for a weekly gain due to optimism surrounding a potential trade agreement between the United States and China.
China's Shanghai Composite Index dropped 0.4 percent to 3,367.46, with earnings and U.S. tech restrictions in fo...