Asian stock markets are mixed on Wednesday, following mixed cues overnight from Wall Street, as traders are refraining from making major moves ahead of the Federal Reserve's latest monetary policy decision later today. Uncertainty about the pace of global economic rebound due to the continued surge in coronavirus cases in India and Japan are also weighing on the market. Asian markets closed mostly lower on Tuesday.
The Australian stock market is higher after recouping early losses on Wednesday, with the benchmark S&P/ASX 200 above the 7,000 mark near 14-month highs, on easing concerns of an earlier than expected interest rate hike after quarterly inflation data came in under expectations. Weakness in materials and gold miners are offset by gains in energy, financial and technology stocks.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.