TOKYO — Asian stocks declined on Thursday, led by losses in Japan and Vietnam, after U.S. President Donald Trump plowed ahead with harsher-than-expected tariffs despite warnings they would dent global growth.
“The tariffs were worse than expected … corporate Japan’s profits will likely be hit hard, which makes it difficult to say that Japanese stocks are being oversold,” said Hiroshi Matsumoto, senior fellow at Pictet Japan.
