Asian Stocks Struggle As Traders Eye Fed Saga, Trade War

Tokyo-listed shares of 7-Eleven owner Seven & i Holdings plunged more than nine percent after a takeover deal fell through (Credit: AFP)

Asian markets fluctuated Thursday after a rollercoaster day on Wall Street punctuated by fears Donald Trump was considering sacking the head of the US Federal Reserve.

Traders have walked a cautious line this week as they ascertain the trade outlook after the US president unveiled a flurry of fresh tariff threats, with the latest being letters to scores of countries notifying them of levies of up to 15 percent.