Asian stock markets snapped the losing streak and are mostly higher on Friday, after three straight sessions of losses, following the broadly positive cues overnight from Wall Street on better-than-expected weekly labor market data. Investors are upbeat after Fed officials allayed flation fears and are scooping up bargains following the heavy losses in recent sessions, which were driven by inflation concerns. Asian markets ended mostly lower on Thursday.
However, the gains in markets in the region are capped amid continuing concerns about the accelerating daily coronavirus infection rates caused by highly contagious variants of the virus.
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Business News
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.