Asian stock markets are mostly lower on Wednesday, following the mixed cues overnight from Wall Street, on sliding crude oil prices and as traders are weighing the likely impact of the spread of the delta variant of coronavirus in the region and some other countries, particularly in the U.S., on the pace of economic recovery. Asian Markets closed mostly higher on Tuesday.
The Australian stock market is modestly lower on Wednesday, giving up some of the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying above the 7,500 level, following the mixed cues overnight from Wall Street, as weak commodity prices and worries about a likely slowdown in global economic recovery hurt sentiment.
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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.