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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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.