Asian stocks ended broadly lower on Tuesday as concerns around the global spread of the Covid-19 Delta variant and rising tensions between China and the West dented sentiment and stoked demand for safe-haven assets.Investors also kept an eye on Treasury yields, with U.S. President Joe Biden adding his voice to assurances that inflationary pressures will be temporary.Chinese shares cut early losses...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.