Asia-Pacific markets are set to mostly fall on Friday, mirroring losses on Wall Street after U.S. President Donald Trump's tariff concessions failed to calm investors.
Traders were also worried by economic data from the U.S., which raised alarm that Trump's policies could hinder the U.S. economy.
The Federal Reserve's Beige Book and the Institute for Supply Management's manufacturing reading both indicated fear of rising input costs because of the tariffs.
Data from Challenger, Gray & Christmas released Thursday showed layoff announcements soared to 2020 highs, which the outplacement firm found was driven by Trump and billionaire Elon Musk's efforts to shrink the federal government's workforce.
Over in Asia, traders will look toward China's combined trade data for January and February. China's customs agency releases data for the first two months as a combined figure, to account for the Lunar New Year holidays.
Economists polled by Reuters are expecting exports growth to slow to 5% year-on-year, while imports growth is forecast to hold steady at 1%.
Source: CNBC
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