India, Feb. 20 -- Asian stocks retreated on Thursday as the minutes of the Federal Reserve's January policy meeting revealed concerns over inflation risks and U.S. President Donald Trump's harsh criticism of Ukrainian President Zelenskyy heightened tensions in the ongoing conflict.

Trump called Ukraine's President Volodymyr Zelensky a "dictator" after the latter said the U.S. president was "living in a disinformation space" governed by Moscow.

The Japanese yen hit its strongest level in over two months on BoJ rate hike bets and concerns about new tariff threats from Trump.

China's yuan got a lift after Trump said "it's possible" for the U.S. and China to have a new trade deal and that he expected Chinese President Xi Jinping to visit the...