Asian stock markets are mostly lower on Tuesday following the negative cues from Wall Street amid the recent surge in coronavirus cases in several parts of the world. Investors also turned cautious ahead of two key Senate run-off elections in Georgia later today that will determine which party controls the Senate and could have a major impact on President-elect Joe Biden's economic policies.
The Australian market is declining following the negative cues from Wall Street. News that New South Wales recorded four new locally acquired coronavirus cases on Tuesday after reporting zero cases on Monday also dampened sentiment.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.