Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues overnight from Wall Street, on a drop in crude oil prices and as traders are concerned about the near-term outlook for the markets and economy following recent volatility amid concerns about inflation and reports showing a rise in coronavirus cases in several countries in the region and Europe. Asian markets closed mostly lower on Wednesday.
The Australian stock market is slightly higher on Thursday after being in the green at open, recouping some of the losses in the previous four sessions, with the benchmark S&P/ASX 200 just below the 7,400 level, despite the broadly negative cues overnight from Wall Street, as traders picked up socks at a bargain after the recent losses.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.