Stocks fell as valuation worries overshadowed data showing the economy is holding up. The figures had little impact on Federal Reserve bets, but bond yields rose. Bitcoin sank, and US equity futures are flat in early trading in Asia.

Stocks in Asia drop on the US's renewed tariff push. South Korean and Taiwanese shares underperform, while US equity futures are near flat and European contracts edge up.

The US announced a fresh round of levies, including a 100% duty on branded or patented pharmaceuticals starting Oct. 1, unless a company is building a manufacturing plant in America. The Wall Street Journal reported the US is also weighing a plan to slash the US's reliance on semiconductor imports.

European diplomats warned the Kremlin this week that NATO is ready to respond to further violations of its airspace with full force, including by shooting down Russian planes. Meanwhile, NATO Secretary General Mark Rutte said Western militaries can't keep shooting down incoming drones with expensive missiles.

South Korea is moving to open its foreign-exchange market on a 24-hour basis and ease restrictions on won trading between non-residents, the Finance Ministry said.