Asian markets recovered from the lows on Friday amidst a recovery in crude oil prices and positive U.S. stock futures. All major benchmarks closed in the green despite investors anxiously awaiting the Federal Reserve's annual Jackson Hole conference later in the week for cues on possible asset purchase tapering timeline.
China's Shanghai Composite Index rallied by 1.45 percent or 49.80 points to end trade at 3,477.13 amidst relief over reports that there were no new locally transmitted Covid-19 cases for the first time since July. Sentiment also improved upon govt official's comment on the country's cross-cyclical macroeconomic policy and its stabilizing effect on economic fluctuations.
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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.