BEIJING – Asian stocks were mostly lower on Thursday after Wall Street benchmarks fell and Japan reports a 14th straight month of monthly trade deficits due to high oil and other commodity prices and a weakening yen.

Wall Street futures were mixed while oil prices rose.

Japan’s trade deficit hit a record high in the first half of the year, although it narrowed slightly from the previous month and was lower than analysts had forecast.

The Treasury said on Thursday that imports have increased…