Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, with investors largely staying cautious amid worries about rising number of cases of Omicron variant of the coronavirus and looking ahead to the Federal Reserve's monetary policy on Wednesday. Asian stocks ended mostly higher on Monday.
The Fed is expected to discuss accelerating the pace of tapering its asset purchase program, with reports suggesting the central bank could double the rate to $30 billion per month. The European Central Bank, the Bank of England and the Bank of Japan are also scheduled to announce their monetary policies this week.
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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.