Asian stocks retreated on Thursday after Meta, which owns Facebook, Instagram and WhatsApp, missed on Wall Street earnings estimates and offered a weaker-than-expected forecast. Chinese and Hong Kong markets remained closed for the Lunar New Year.Shares of Meta dropped by more than 20 percent in after-hours trading on Wednesday, knocking almost US$200 billion off its valuation.Investors also await...
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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.