Asia stocks mostly down after Wall St losses

The "Santa Claus rally" got off to a good start but US stocks then fell across the board on Friday, with the S&P 500 and the Nasdaq both dropping more than one percent. Tech stocks led the way, with Elon Musk's electric car giant Tesla closing around five percent lower and AI chipmaker Nvidia shedding around two percent. Weighing on investor sentiment were worries about the pace of US interest rate cuts and possible higher import tariffs under incoming US president Donald Trump. "As US stock markets concluded with a downturn on Friday...