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 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.