Asian stock markets are mostly lower on Wednesday in choppy trading, with some of the markets giving back early gains as investors tracked the overnight losses on Wall Street following a negative reaction to corporate earnings results and as crude oil prices tumbled to two-month lows.
The Australian market slipped after edging higher in early trade after U.S. stocks staged a recovery attempt overnight. Gains by banks and gold miners are being offset by weakness in mining and oil stocks after crude oil prices tumbled to two-month lows.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.