Asian stock markets are mostly higher on Friday, despite the broadly negative cues overnight from Wall Street, with support from higher crude oil prices and as traders are picking up stocks at a bargain after the recent sell-off. Meanwhile, traders remain cautious amid the rapid spread of the coronavirus Omicron variant in most countries. Asian markets ended sharply lower on Thursday.
The Australian stock market is sharply higher on Friday, recouping some of the sharp losses in the previous two sessions, with the benchmark S&P/ASX 200 just below the 7,500 level, despite the broadly negative cues overnight from Wall Street, led by gains across most sectors as traders bought stocks at a bargain after recent sell-off.
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Market Analysis
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.