Asian stock markets are mixed on Monday, following the mixed cues from Wall Street on Friday after data showed the U.S. economic recovery is underway. Bargain hunting offering some support, while inflation worries and COVID concerns kept the underlying mood cautious. Asian markets also closed mixed on Friday.
The Australian stock market is slightly lower in choppy trading on Monday, after gains in the previous two sessions, with the benchmark S&P/ASX 200 staying above the 7,000 mark near 14-month highs, following the mixed cues from Wall Street on Friday. Stocks are mixed across all sectors amid the lack of any major fresh cues. The benchmark S&P/ASX 200 Index is losing 5.00 points or 0.07 percent to 7,025.30, after touching a high of 7,061.90 and a low of 7,015.50 earlier. The broader All Ordinaries Index is down 9.00 points or 0.12 percent to 7,256.30. Australian stocks closed slightly higher on Friday.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.