Asian stock markets are mostly lower on Friday following the negative cues overnight from Wall Street as treasury yields spiked in reaction to the highly anticipated Federal Reserve Chair Jerome Powell's remarks, which failed to calm concerns about higher interest rates and inflation. Surging crude oil prices is also weighing on the markets. Asian stocks closed lower on Thursday.
The Australian stock market is notably lower on Friday, extending losses from the previous session, with the benchmark S&P/ASX 200 falling below the 6,700 level as gains in energy stocks were more than offset by weakness among technology stocks.
For comments and feedback contact: editorial@rttnews.com
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.