Australia's S&P/ASX 200 shed 0.3% to 8,300.90, while South Korea's Kospi slipped 0.2% to 2,650.17. Hong Kong's Hang Seng jumped 2.7% to 23,183.02, boosted by a surge in shares of Alibaba, which reported robust financial results.

U.S. stocks are falling sharply after reports showed worries about President Donald Trump’s policies may be hitting the U.S. economy. The S&P 500 fell 1.3% Friday. The Dow Jones Industrial

TOKYO -- Asian shares traded mostly lower Thursday after a quiet day on Wall Street, where the S & P 500 added to its record. Worries about U.S. President Donald Trump's tariff policies remain high on regional investors' minds.