Asian stock markets are mostly higher on Wednesday despite the lackluster cues overnight from Wall Street. The markets continue to be optimism about higher fiscal stimulus and the global economic recovery as U.S. bond yields moved lower for the third straight session and lower crude oil prices. Asian stocks broadly closed lower on Tuesday.
The Australian stock market is rising on Wednesday, recouping some of its recent losses, with the benchmark S&P/ASX 200 rising again above the 6,800 level, driven by a huge rally in the materials stocks. Latest GDP figures also show that Australia's economy is recovering as it expanded for the second straight quarter.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.