Asian stock markets are in a sea of red and sharply lower on Wednesday, following the broadly negative cues overnight from Wall Street and other global markets, as technology stocks helped led the markets lower amid a continued advance by treasury yields came after the US Fed has signaled plans to begin scaling back its asset purchases in the near future and raise interest rates next year. Asian Markets closed mixed on Tuesday.
The concerns over the debt-ceiling impasse in Washington, China's power crunch and the Evergrande situation added to investor worries over slowing global growth.
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Market Analysis
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.