Asian stocks were mostly lower on Thursday as caution revives over a likely deepening of trade friction once President-elect Donald Trump takes office. U.S. futures fell while oil prices were higher.

Good news for the U.S. economy is back to being bad for Wall Street as the S&P 500, Dow Jones industrial average and Nasdaq all post losses.

Asian stocks are mostly lower after U.S. stock indexes finished mixed a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected.